The Amazing Brentwood Welcomes New Strategic Development Partner, L Catterton Real Estate
VANCOUVER, British Columbia, Aug. 01, 2017 (GLOBE NEWSWIRE) — The Amazing Brentwood now adds global luxury appeal to its impressive line-up of credentials. In securing a new partnership with the world’s leading luxury retail-driven real estate company, the project’s profile has been elevated to world-class status.
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The Amazing Brentwood is among the largest and most significant mixed-use projects underway in North America, set to bring the best of Vancouver to one amazing place. This includes +250 shops, a highly anticipated culinary collection, office campuses and a one-acre plaza, all connected to rapid transit at a rare 28-acre site in the heart of the region. Most significantly, SHAPE, the real estate investment, development and management company behind The Amazing Brentwood plans to deliver +6,000 homes over 11 high-rise towers. These homes will bring +10,500 new residents, creating a true metropolitan community with the energy found only in the world’s best cities.
Now SHAPE and co-owner Healthcare of Ontario Pension Plan (HOOPP) welcome L Catterton Real Estate as a strategic development partner in The Amazing Brentwood. With a vision to provide the highest calibre of shopping, dining, entertainment and living from high end to home grown, this new alliance affirms that the retail experience at The Amazing Brentwood will be best-in-class.
L Catterton Real Estate (LCRE) is the real estate investment and development arm of L Catterton, the world’s largest consumer-focused private equity platform. LCRE funds are sponsored by LVMH Moet Hennessy-Louis Vuitton, the world leader in high-quality products, and its holding company Groupe Arnault. LCRE’s projects are renowned for award-winning architecture and design, high profile public art and premium merchants in newly fashionable geographies and locations. The partnership will leverage LCRE’s expertise launching globally acclaimed projects including Miami Design District and Tokyo’s Ginza SIX.
“We are excited and privileged to welcome LCRE in their first Canadian endeavour and second in the Americas,” said John Horton, President of SHAPE. “This partnership is the perfect fit for SHAPE’s mandate to create a completely new, culturally relevant experience designed for the future of retail. LCRE’s partnership is a huge vote of confidence in the project and validation that The Amazing Brentwood will serve as a point of pride for Vancouver and a sought-after destination for visitors world-wide.”
“We are thrilled to join SHAPE and HOOPP in The Amazing Brentwood and participate in bringing the best of Vancouver to one amazing place. In particular, this unique partnership encompasses the vision, passion, unparalleled knowledge and reach to create the next generation of retail experiences for our customers and retailers” said Mathieu Le Bozec, Managing Partner of LCRE.
“Since our initial discussions, we have been extremely impressed by the vision and the quality of the SHAPE team and we welcome the opportunity to work closely with HOOPP, a long-term and strategic partner of L Catterton,” added Alexandre Heriard-Dubreuil, Partner and CIO of LCRE.
This announcement comes on the heels of milestone successes for The Amazing Brentwood. Three residential towers have sold out in record time and construction on the first phase of development is underway. With less than 24 months before its Phase I opening, The Amazing Brentwood is redefining the region’s urban boundaries with the promise of a world-class experience for residents, locals and visitors from around the globe.
SHAPE is the fully integrated real estate investment, development and management company leading some of the largest and most transformative projects in North America. Through its full operating platform, SHAPE specializes in complete, transit-oriented communities with shops, restaurants, public space, entertainment and residential homes on one walkable site. www.shapeproperties.com
About Healthcare of Ontario Pension Plan (HOOPP):
HOOPP is a fully funded pension plan with over 321,000 members across Ontario. Their proven strategy and track record of investment returns drive their plan performance, making HOOPP a leader among its global peers. With more than $70 billion in assets, HOOPP is one of the largest defined benefit pension plans in Canada.
About L Catterton Real Estate:
With over $14 billion of equity capital across six fund strategies in 17 offices globally, L Catterton is the largest consumer-focused private equity firm in the world. L Catterton has a team of more than 140 investment and operating professional partners around the world. Since 1989, the firm has made over 150 investments in leading consumer brands and real estate projects. L Catterton was formed through the partnership of Catterton, LVMH and Groupe Arnault.
L Catterton Real Estate seeks to generate attractive risk-adjusted returns from a select number of high quality, luxury retail-driven, mixed-use real estate developments in premium locations globally, building close and long-term partnerships with premier local developers. LCRE provides differentiated operating and strategic support to its partners, all focused on enhancing value and investment returns to the benefit of all stakeholders. Some notable projects include the Miami Design District and Ginza SIX in Tokyo, Japan.
CONTACT: CONTACT: SHAPE Tamara Tasaka 604.694.2257 firstname.lastname@example.org www.theamazingbrentwood.com