Grosvenor Appoints New Leader for Development Finance Goals
Grosvenor Welcomes Michael Ward as New Managing Director
Grosvenor, a respected 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 20 years of experience in property development, Michael is set to play a vital role in Grosvenor's strategy within the North American market.
Michael Ward's Vast Experience
Michael brings more than two decades of international development expertise, with a solid track record at Grosvenor. His journey began in 2002 when he started as an intern and has since evolved into essential roles across various development projects within the firm.
Steering Grosvenor's SDF Programme
As the head of the SDF Programme, Michael will manage around C$1.5 billion in active projects. This initiative is critical to Grosvenor's core development activities and aims to provide financial support to leading residential developers in major urban areas.
A Focus on Growth
Under Michael's leadership, the SDF Programme is expected to thrive, expanding Grosvenor's efforts in both for-sale and rental residential developments. His strategic insights into forming partnerships with institutional investors, family offices, and high-net-worth individuals highlight his importance in driving the firm's growth.
Vision for Upcoming Developments
With a rich background in successfully managing mixed-use and residential projects, Michael prioritizes collaboration with developer partners. His aim is to deliver outstanding properties while ensuring that all stakeholders’ return expectations are met.
About Grosvenor’s SDF Programme
The SDF Programme has been active for nearly 25 years, addressing the increasing demand for quality urban housing in key cities across North America. It has funded over 79 residential projects, playing a significant role in the creation of more than 9,500 housing units.
Innovations in Development Finance
Currently, the SDF Programme is in the process of fundraising for its fourth iteration of the True North partnership, strategically focused on capitalizing on opportunities in key gateway markets. The initiative emphasizes working in tandem with developers to create new mixed-use developments and residential solutions.
Michael Ward's Leadership and Commitment to Community
In his new role, Michael will guide a committed team of seven professionals spread across offices in Vancouver and San Francisco. His educational background from the University of British Columbia, along with his engagement in community organizations, demonstrates his dedication to making a positive impact in the communities where Grosvenor operates.
Conclusion and Future Directions
With Michael Ward at the helm, Grosvenor's commitment to urban development and community enhancement remains unwavering. His extensive experience and established connections are anticipated to lead to significant progress in the SDF Programme, aligning perfectly with Grosvenor's dedication to 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, boasting over 20 years of experience in property development.
What is the SDF Programme?
Grosvenor's SDF Programme focuses on providing capital to residential developers, aiming to enhance the availability of urban infill housing in key North American markets.
When did Michael Ward join Grosvenor?
Michael Ward began his journey with Grosvenor in 2002, starting as an intern and moving through different development roles within the company.
What are the goals of the SDF Programme?
The SDF Programme's objective is to finance mixed-use developments and residential projects that cater to the rising need for quality urban housing.
What impact has the SDF Programme had?
Since its inception, the SDF Programme has supported more than 79 residential projects, resulting in over 9,500 residential units being constructed, thereby making a notable contribution to urban development.
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