Grosvenor Appoints New Leader for Development Finance Goals

Grosvenor Appoints Michael Ward as New Managing Director

Grosvenor, an esteemed international property owner and developer, has announced the appointment of Michael Ward as the Managing Director for their Structured Development Finance (SDF) Programme. With over two decades of experience in the property development sector, Michael is poised to significantly contribute to Grosvenor's strategy in the North American market.

Michael Ward's Extensive Experience

Bringing more than 20 years of international development experience, Mr. Ward has a proven track record with Grosvenor. His journey with the company began in 2002, following his internship, and he has played essential roles in the firm’s development projects across various locations.

Leading Grosvenor's SDF Programme

As the head of the SDF Programme, Michael will oversee approximately C$1.5 billion in active projects. This initiative is integral to Grosvenor's core development activities aimed at providing capital to renowned residential developers in key urban locations.

A Commitment to Growth

Michael's leadership is expected to drive not only the growth of the SDF Programme but also to expand Grosvenor's involvement in residential developments, both for-sale and rental. His strategic insight into partnerships with institutional investors, family offices, and high-net-worth individuals reflects his significant contribution to the firm’s growth.

Vision for Future Developments

With a history of successfully managing mixed-use and residential projects, Michael emphasizes a collaborative approach with developer partners. His goal is to ensure the delivery of exceptional properties while meeting return expectations for all stakeholders involved.

About Grosvenor’s SDF Programme

The SDF Programme has been operational for nearly 25 years to address the growing need for quality urban housing in important cities across North America. The programme has provided funding for over 79 residential projects, contributing significantly to the production of more than 9,500 housing units.

Innovation in Development Finance

Currently, the SDF Programme is fundraising for its fourth iteration of the True North partnership, strategically positioned to leverage opportunities in core gateway markets. The focus remains on working collaboratively with developers to create new mixed-use developments and residential options.

Michael Ward's Leadership and Community Involvement

As he takes on this new role, Michael will lead a dedicated team of seven professionals located in various offices, including Vancouver and San Francisco. His educational background from the University of British Columbia, coupled with his involvement in community organizations, underlines his commitment to positively impacting the communities where Grosvenor operates.

Conclusion and Future Directions

Grosvenor's commitment to urban development and community enhancement remains strong under the new leadership of Michael Ward. His extensive background and established relationships are expected to drive significant advancements in the SDF Programme, aligning with Grosvenor's values of long-term partnerships and sustainable development.

Frequently Asked Questions

Who is Michael Ward?

Michael Ward is the newly appointed Managing Director of Grosvenor’s Structured Development Finance Programme, bringing over 20 years of experience in property development.

What is the SDF Programme?

Grosvenor's SDF Programme aims to provide capital to residential developers, focusing on improving the availability of urban infill housing in key markets in North America.

When did Michael Ward join Grosvenor?

Michael Ward joined Grosvenor in 2002, starting his career with an internship and subsequently taking on various development roles within the company.

What are the goals of the SDF Programme?

The SDF Programme aims to finance mixed-use developments and residential projects, addressing the need for quality urban housing.

What impact has the SDF Programme had?

Since its inception, the SDF Programme has funded over 79 residential projects, leading to the construction of more than 9,500 residential units, thereby significantly contributing to urban development.

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