Company Research Report: Wesgroup Properties

Company Overview

• Name: Wesgroup Properties

• Mission: Wesgroup's mission is to connect people with genuine opportunities that enrich their daily lives, contribute to the social and environmental health of communities, and see potential in creating valuable spaces for living, working, and experiencing.

• Founded: Originally began as Wesik Construction in 1956.

• Founders: No information is available.

• Key People:

• Beau Jarvis, President & Chief Executive Officer

• David Waldref, Executive Vice President

• Gary Thompson, Chief Financial Officer & Chief Operating Officer

• Derick Fluker, Senior Vice President, Acquisitions & Asset Management

• Rabih Zahnan, Senior Vice President & Managing Director, Construction

• Brad Jones, Senior Vice President, Development

• Alisha Scichilone, Vice President, People & Culture

• Malcolm Shield, Vice President, Sustainability

• David Grout, General Counsel

• Headquarters: Suite 2000, Three Bentall Centre, 595 Burrard Street, Box 49287, Vancouver, BC, V6C 0E4

• Number of Employees: No information is available.

• Revenue: No information is available.

• Known For: As one of Western Canada’s largest private real estate organizations, Wesgroup is known for building and managing homes and commercial spaces and has a strong emphasis on sustainability and community involvement.

Products

Residential Projects

Paradigm

• Description: A mix of condominium homes and townhomes focused on value, quality, and efficiency.

• Key Features: Unexpected amenities and perks.

The Nelson

• Description: Rental apartment steps away from the Sapperton Skytrain Station.

• Key Features: Located in an established walk-to-everything neighborhood in the Brewery District.

Keel

• Description: Studio, 1, 2, and 3 bedroom rental homes near the waterfront.

• Key Features: Access to shops and restaurants in River District’s Town Centre.

Reign

• Description: Two towers with both residences and rental homes; Wesgroup’s debut in Metrotown.

• Key Features: Focus on urban living amenities.

Harlin

• Description: Located in River District, Vancouver, this project offers modern studio, 1, 2, & 3 bedroom homes.

• Key Features: Views, lively urban vibe, and stylish touches.

Ardea

• Description: Newest waterfront and park side homes in River District, Vancouver.

• Key Features: Emphasis on experiential living spaces.

W16 By Olson Kundig

• Description: Designed by Olson Kundig, this collection is located at the prominent corner of Cambie and W16th.

• Key Features: 53 one to three-bedroom homes with innovative design.

Ace

• Description: Residences at the corner of 12th Ave and Commercial Drive.

• Key Features: A five-minute walk from a major transit hub, innovative design.

Commercial and Mixed-Use Properties

• Description: Wesgroup has an extensive portfolio of award-winning commercial and mixed-use properties.

• Key Features: Recognized for excellence in operations, management, security, energy, and sustainability.

Recent Developments

• New Products Launched: Several new residential projects have been launched, as mentioned above.

• Partnerships: Wesgroup is a significant partner in BC with the Canadian Mortgage and Housing Corporation (CMHC) for developing affordable rental housing units.

• Sustainability Initiatives: Wesgroup has implemented comprehensive sustainability activities, such as building low-carbon energy utilities, reducing waste in development projects, and producing Built Green or LEED Gold houses. Moreover, Wesgroup's community garden sponsorship and its innovative use of brownfield sites mark significant environmental and community contributions.

• Recent Achievements: Wesgroup has been certified as one of Canada’s best workplaces, highlighting its focus on a positive work culture and employee satisfaction.

This detailed report provides an overview and analysis of Wesgroup Properties, reflecting on its mission, developments, and product offerings, based solely on the information available.