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Genesis Land Development Corp T.GDC

Alternate Symbol(s):  GNLAF

Genesis Land Development Corp. is a Canada-based integrated land developer and residential home builder. The Corporation is engaged in the acquisition, development and sale of land, residential lots and homes in the greater Calgary area. It operates through two segments: land development and home building. As a land developer, Genesis acquires, plans, rezones, subdivides, services and sells residential lots and commercial and industrial lands to third party developers and builders, and sells lots and completed homes through a wholly owned subsidiary, Genesis Builders Group Inc. (GBG), its home building division. The land portfolio is planned, developed, serviced and sold as single-family lots and townhouses, multi-family and commercial parcels. It designs, builds and sells homes on a significant portion of its single-family lots and townhouse land parcels. It also acquires single-family lots from other land developers to build and sell single-family homes in additional CMA communities.


TSX:GDC - Post by User

Post by Betteryear2on Apr 04, 2022 9:34pm
196 Views
Post# 34575287

Completion of 157-Acre Acquisition for $29.15 M TSX: GDC

Completion of 157-Acre Acquisition for $29.15 M TSX: GDCCALGARY, ABApril 4, 2022 /CNW/ - Genesis Land Development Corp. (TSX: GDC), is pleased to report that it has completed its acquisition of 157 acres of future residential development land (the "Land") in east Calgary for a purchase price of approximately $29.15 million. Genesis paid a non-refundable deposit of $2.18 million in February 2021 and paid the balance of $26.97 million on closing.
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