Corporate Finance in Atlantic Canada

Commentary on corporate finance issues for small- & mid-market private companies in Atlantic Canada

Hennigar/Jodrey real estate management deal

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http://thechronicleherald.ca/business/68997-merchant-bank-deal-linked-jodreys

Nova Scotia’s Hawthorne Capital has acquired two real estate management companies, Toronto-based Veranova and Atlantic-based CitiGroup Properties, for an undisclosed price.  The deal includes a Dartmouth commercial office building and also helps the development of Susies Lake, a significant mixed use real estate project another arm of the family is developing in Halifax’s Clayton Park.  Veranova and CitiGroup will manage the project.

Hawthorne Capital is owned by Thornridge Holdings Ltd., which is 100 per cent controlled by the Hennigar family of Nova Scotia (grandchildren of the late Hantsport business legend Roy A. Jodrey).

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Written by Dan Jennings

March 4, 2012 at 8:40 am

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