This property sold out to 420+ Canadians!
*All transactions will require approval by the EMD on record, Equivesto Canada Inc, subject to suitability review and may be reduced.
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The project is located in Saanich, a growing municipality near Victoria and part of the Greater Victoria area. The District of Saanich’s population in 2021 was 117,735 making it the largest municipality in the Capital Regional District, the eighth largest in the province, and the 44th largest in Canada (source).
This development project is located in the High Quadra neighbourhood of Saanich which is a primarily residential neigbourhood centrally located and with close proximity to Highway 17 that connects Downtown Victoria to YYJ Airport and the Swartz Bay BC Ferries terminal.
Rental Market: The Greater Victoria residential market is characterized by low vacancy rates (ranging from 0.5% to 1.6%) and increasing demand for rental units. Multi-family properties in Victoria have been trading at capitalization rates between 3.50% and 4.50%.
Dale Bellavance/Shield Developments; the General Partner [GP], has over 45 years of senior management and entrepreneurial experience in a wide variety of mid to large-scale recreational, residential, commercial, and industrial projects. Comfortable in government offices, the boardroom, or in the field. Dale’s experience in navigating municipal approvals has been instrumental in the success of some of BC’s most challenging projects.
Throughout his career, Dale has successfully worked with various types of financial institutions, local and offshore investors, stakeholders, and shareholders. He has played a lead role in negotiating with governments, investors, communities, special interest groups, and First Nations.
Dale uses his broad range of international experiences to integrate new technologies and concepts into ongoing projects. Dale’s background in construction includes roads, bridges, infrastructure, single-family, multifamily, commercial, low, and medium-rise buildings.
Since returning to Canada on a full-time basis in 1980, Dale has provided senior management development expertise, including finance, permitting, master planning and construction management throughout Canada. He has been developing since 1980 and provides his consulting expertise for other successful investor’s/developer’s projects, ranging from $2 million to $1.2 billion.
While each of the projects Shield will be developing may be smaller in scope than many of Dale’s successfully completed projects, Dale is excited and passionate about using his experience, connections, and resources to meet Greater Victoria’s urgent housing demand, while (following this project) building a portfolio of stable investments with recurring passive income.
Praveen has been a principal of Varshney Capital Corp., a Vancouver based family office, since 1991. He’s also a Founding Director of Pyfera Growth Capital & a Founding Director of Humanitas Smart Planet Fund, both with a social impact focus. Mr. Varshney obtained his UBC Sauder BComm in 1987 and is a FCPA, FCA. He has been a member of the Vancouver Chapter of EO since 1996 and a founding Director & Charter Member of TiE Vancouver since 2000.
He has been a Co-Founder, Director or Officer of many publicly traded and private companies over the years such as one of Canada’s first producing diamonds mines, Mogo and Little Kitchen Academy. He’s also served on numerous charity boards over the years including The Vancouver Foundation and Foundations for Social Change.
Praveen also has years of real estate experience in various asset classes like retirement homes, RV Parks, hotels and in particular multifamily through SarmayaCapital.com and 3HProperties.com and industrial/warehouse through StonewaterProperties.com
Praveen is also a recipient of Business in Vancouver’s 40 Under 40 Awards, the 2020 Greater Vancouver Board of Trade Wendy McDonald Diversity Awards Outstanding Mentor and 2021 inaugural, 2022 and 2023 Business in Vancouver Top 500 Most Influential Business Leaders in BC (Banking & Finance – Private Equity, Venture Capital & Hedge Funds category).
Alisia started her professional career as a licensed insurance agent working for a well-known insurance provider in Victoria, BC. After a few years in the insurance field, Alisia decided to follow her strong interest in real estate development and joined the Bell Group team.
Alisia has now been a part of the team for over 12 years, tracking market trends and forecasts, vigorously following government housing policies and land use bylaws from all levels of government, private and public development opportunities and land acquisitions.
In addition to her roles and duties for Bell Group, Alisia is a General Partner and the corporate secretary for Shield Developments – Ferndale Townhomes LP development project. Alisia was responsible for identifying and securing the redevelopment property for this project and has played a key role in the projects overall design and unit layouts.
Alisia is an active member of LandlordsBC and is currently pursuing the property management accreditation through UBC.
Equivesto is on a journey to reimagine how private company investment and fundraising is done in Canada. They believe in a future where access to equity investments and opportunities are not limited by privilege or network. They look to design a tomorrow that is driven on community values and collaboration.
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Some information contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of the words “intention”, “will”, “may”, “can”, and similar expressions are intended to identify forward-looking statements. Although the issuer and/or dealer (as applicable) believe that the expectations reflected in such forward-looking statements and/or information with regard to a given investment opportunity are reasonable, undue reliance should not be placed on forward-looking statements since there can be no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Furthermore, the forward-looking statements contained in a news release are made as at the date of such news release and there is no undertaking that any obligations to publicly update and/or revise any of the included forward-looking statements, whether as a result of additional information, future events and/or otherwise, except as may be required by applicable securities laws.
