News Summary

Cenyard Properties, a real estate investment, development, and capital lending company, has acquired full ownership of two prime properties in Metro Vancouver for $90 million. The properties, located in Surrey and Burquitlam, were initially joint ventures with Landmark Premiere Properties. The Surrey site, Guildford, is planned for a three-tower community with approximately 1,000 homes, while the Burquitlam site, Foster Fairview, will be developed into over 300 apartments. Cenyard CEO Jeffrey Liu expressed excitement about these strategic acquisitions, highlighting their potential for community impact and much-needed housing development.