Forgestone joins GVest Private Equity in Tsawwassen retail project
Canadian real estate private equity firm Forgestone Capital Management has become a partner in the Tsawwassen Commons retail centre, a new shopping destination in British Columbia's Lower Mainland. Forgestone acquired a 50 percent interest in the project, joining GVest Private Equity LP, an affiliate of Gracorp Capital Advisors, as an equal partner. The deal's financial terms were not disclosed. Ivanhoé Cambridge, the real estate investment arm of the Caisse de dépôt et placement du Québec, is currently focused on the adjacent Tsawwassen Mills project. Both projects will be completed in 2016.
12 September 2014•3 mins read
