Grosvenor Appoints Industry Veteran Michael Ward as Leader

Grosvenor Welcomes Michael Ward as Managing Director

Grosvenor is excited to announce the appointment of Michael Ward as Managing Director of their Structured Development Finance Programme. With over 20 years of international development expertise, Michael brings a wealth of knowledge and experience to this pivotal role.

Leading a Robust Portfolio

In his new position, Michael will oversee an impressive portfolio valued at C$1.5 billion, which encompasses various active projects within Grosvenor's Structured Development Finance business. His leadership aims to bolster the growth and strategic direction of the programme, focusing on both for-sale and rental residential developments.

A Legacy of Successful Projects

Michael's association with Grosvenor began in 2002 after completing an internship, marking the start of a remarkable career. Over the years, he has been instrumental in delivering 14 mixed-use and residential projects across the continent, many of which were executed in collaboration with prominent Canadian pension funds, family offices, and high-net-worth individuals.

Team Growth and Development

“Being on the Development side of our business for over two decades, I value the opportunity to lead this important business line,” Michael stated. His focus will be on ensuring the delivery of top-notch properties while guiding a talented team of professionals responsible for outpacing return expectations.

Strategic Role in the SDF Programme

The Structured Development Finance Programme is a vital arm of Grosvenor, supplementing its core urban property development and investment activities. Michael will manage a team of seven professionals based in various offices, including San Francisco and Washington, D.C., expanding the programme’s reach and efficacy.

Investment Focus and Market Dynamics

The SDF Programme is actively engaged in addressing the critical shortage of quality urban infill housing. The programme aims to capitalize on the current market conditions, seeking opportunities to partner with developers on new construction projects, including mixed-use developments, apartments, and condominiums.

Commitment to Communities

Founded in 1952, Grosvenor operates with a commitment to enhancing vibrant urban neighborhoods and communities. As of the end of 2023, the company boasted US$3.8 billion in assets under management and a development pipeline valued at US$4.9 billion, showcasing its steadfast commitment to long-term partnerships and community enrichment.

Community Engagement and Recognition

Michael is not only recognized within the industry but also actively participates in community initiatives. His involvement with various organizations helps highlight his dedication to providing mentorship and support in real estate needs across communities.

About Grosvenor

Grosvenor is a diversified international property owner and developer with a rich history of cultivating residential communities in urban contexts. The company thrives on building lasting relationships with its partners, founded on mutual values that span an average of 18 years.

Frequently Asked Questions

1. Who is Michael Ward?

Michael Ward is the newly appointed Managing Director of Grosvenor's Structured Development Finance Programme, bringing over 20 years of industry experience.

2. What role will Michael Ward have at Grosvenor?

He will lead the development and strategy of the Structured Development Finance Programme, overseeing a portfolio valued at C$1.5 billion.

3. What is the purpose of Grosvenor's SDF Programme?

The SDF Programme aims to address the housing shortage in urban areas by providing capital to developers for residential projects.

4. How long has Grosvenor been in business?

Grosvenor has been operational since 1952, focusing on urban real estate. They are committed to positively impacting communities.

5. What current projects is Grosvenor involved in?

Grosvenor is overseeing several significant developments across major North American cities, aiming to create quality mixed-use living spaces.

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