RHCP announces investment in IG Realty Inc., (IGRI, www.igri.com) one of Canada’s leading real estate development companies. RHCP’s investment in IG Realty Inc. was in part based on IGRI being a very unique asset in the Canadian marketplace. IGRI was established in late 2004 to capitalize on a major void in the Canadian market for companies that focused on the higher yield part of the real estate industry – namely the real estate development, redevelopment, and repositioning business. Mr. Philip Reichmann, co-Founding Partner of RHCP and Board member of IGRI said, “Focusing on the upstream, high value-add part of the real estate value chain is what makes IGRI totally unique in the Canadian landscape”. IGRI is aggressively fulfilling demand for well-built, serviced, industrial and other land that is cost-effectively built and managed for clients. RHCP expects IGRI to continue to capitalize on robust demand for first rate industrial and residential properties in Canada and beyond, and in particular to take advantage of strong demand for real estate development in Alberta where IGRI has a strong presence. RHCP will play a key role in shaping IGRI’s strategy going forward and also in helping IGRI to build rigorous internal processes to effectively manage and sustain growth.
June 2006 | more news