Grosvenor appoints Michael Ward in Vancouver, Sept 2024

On September 13, 2024, Grosvenor announced the appointment of Michael Ward as Managing Director of Co-Investment in Vancouver, BC. With over two decades of experience in the development sector, Ward will lead the Structured Development Finance (SDF) Programme, which aims to provide capital to prominent residential developers in the US and Canada. This initiative is crucial for addressing the shortage of quality urban housing in key markets. Ward's previous role involved overseeing Grosvenor's Vancouver development programme, valued at CAD$5.3 billion, and fostering relationships with capital partners. His extensive background in development, including significant projects like Grosvenor Ambleside and Connaught, positions him well for this new challenge. Jamie Delmotte, Chief Co-Investment Officer, emphasized that Ward's promotion reflects Grosvenor's commitment to internal growth and recognizes his vital contributions to the company's success. The SDF Programme, established nearly 25 years ago, has lent over $625 million to various projects, representing a gross development value of $5 billion. Currently, the programme is fundraising for the fourth iteration of the True North partnership, strategically timed to leverage opportunities in core gateway markets. This approach aligns with Grosvenor's long-term vision of enhancing urban communities and fostering sustainable development. Michael Ward's educational background includes a degree from the University of British Columbia, and he is actively involved in community organizations. His leadership is expected to drive the SDF Programme's success, ensuring the delivery of high-quality properties and meeting the expectations of Grosvenor's partners.