VAUGHAN, ON, June 13, 2012 /CNW/ - Villarboit Retail Development Corporation ("Villarboit") - announced today that it has raised in excess of $85 million from a
top-tier Toronto based institutional real estate investor, as well as
various high net worth individuals and portfolio managers to fund the
development and construction of a Class A retail portfolio.
Villarboit's current pipeline is comprised of over 1.4 million square
feet of new format Class A retail properties in various stages of
development, leasing and construction, located in the Greater Toronto
Area as well as markets throughout southern Ontario.
"Villarboit has a longstanding history of meeting our retail clients'
desire for quality construction in superior locations. Many of our
national and international tenants have multiple locations within our
current or previous projects and we continually strive to build on
these relationships and exceed expectations. These development funds
and capital partnerships are an important part of delivering to our
clients in a timely manner the quality product they expect from us, and
allows us to further expand our platform to meet those needs," stated
Guery Goyo, President.
Villarboit Retail Development Corporation is a Vaughan, Ontario based
developer with a 25 year history of delivering quality developments for
its clients and investors. The Company is fully integrated, with
in-house capabilities for all primary aspects of the development
business including acquisitions, site planning and zoning,
construction, leasing, as well as property and asset management. It
also provides construction and advisory services to select national
retailers, and other third party developers. Further information is
available at www.villarboit.com.
This press release contains forward looking information that is subject
to a number of risks and uncertainties that could effect final
results. This press release is not a solicitation for investment.
SOURCE Villarboit Development Corporation
For further information:
President, Villarboit Retail Development Corp.
(905) 738-6456 x123
Managing Partner, Villarboit Realty Partners
(905) 738-6456 x147