Montréal, November 29, 2022 – Brivia Group announces a strategic partnership with Montréal-based Claridge for the development of Phase 3 of LB9 rental apartment project located in the sought-after Lebourgneuf district of Québec City.
“We share with Claridge Real Estate a common business vision focused on excellence and results. Claridge is a well known and highly respected Québec-based company that stands out for its investment and management strategies, its flexible approach, its governance and its strong ability to help its partners create value. Building on the success of the first two phases of LB9 rental apartments, we are proud to continue our development in Québec City area with Claridge, an exceptional partner, and to continue to participate in the revitalization of Lebourgneuf area.” said Mr. Kheng Ly, Founder, President and Chief Executive Officer of Brivia Group.
“We are investors who seek to partner with high-quality real estate developers with solid market positioning and an impressive track record,” said Wayne Heuff, Managing Director of Claridge Real Estate. “Brivia Group is a Québec-based company that is well established in the real estate community and recognized for developing innovative and quality projects that meet the highest standards in the industry. LB9 continues this tradition of excellence and fits well with our investment strategy.”
LB9 Rental Apartments
LB9 contemporary rental apartment project is being built in a growing neighbourhood that has doubled its population in 10 years. It fills a need in this area by offering an exceptional living environment close to numerous services. It includes three residential towers built in three phases in Lebourgneuf district. Phase 1 includes 226 units on 12 floors and was completed in June 2020. The residential tower of Phase 2 is currently under construction and will house 218 units on 15 floors starting in 2023. Finally, the last 15-storey building will have 288 units. Construction began in March 2022 and will continue until the summer of 2024.
Claridge is a Montreal-based family office that represents the interests of the Stephen and Claudine Bronfman family, with a focus on maximizing long-term capital appreciation. Claridge is actively engaged in managing a diversified portfolio of investments in private companies as well as interests in third-party managed funds in a variety of industries across the globe. As a strategic financial investor, our direct equity participations span a range of industry sectors, including holdings in food, technology, entertainment, renewable energy, and real estate. Claridge focuses its investments in small and medium-sized businesses and contributes its expertise in partnership with management to accelerate growth.
About Brivia Group
Brivia Group is a real estate developer with a growing number of major projects in Montreal. Founded in 2000 and led by the vision of its President and CEO Kheng Ly, Brivia Group has the expertise, track record and business networks needed to fulfil bold projects such as 1 Square Phillips, Mansfield Condos, YUL, and QuinzeCent, meeting the expectations of its diverse clienteles. With over 20 projects in its portfolio in Quebec, the group has also expanded into the Greater Toronto Area and Vancouver.
Source: Brivia Group