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Greenscape Enters Into Agreement With RBC Capital Markets Real Estate Group
Greenscape Enters Into Agreement With RBC Capital Markets Real Estate Group
Published 02-17-10
Submitted by Greenscape Capital Group Inc.
Greenscape Capital Group Inc. ("Greenscape") (TSX VENTURE: GRN) is pleased to announce that it has entered into an agreement with RBC Capital Markets Real Estate Group ("RBC") through which RBC will act as Greenscape's exclusive financial advisor and agent to assist it in arranging construction financing related to the development of Denver Green Park DIA (see Greenscape News Release dated January 6th, 2010 for a description of the Green Park DIA Project).
It is the intention of Greenscape and RBC that the financing will be a combination of construction and term financing. This will allow the project to be constructed over the first portion of the financing term with the project's income then maturing over the remainder of the term. The financing would then be replaced by conventional term financing upon maturity.
Green Park DIA will be the world's greenest parking facility and will service the Denver International Airport. Green Park DIA will have 4200 stalls and has an appraised value, upon completion of construction (pre-cash flow) of $31,700,000 US (Cushman & Wakefield).
About RBC Capital Markets Real Estate Group
RBC Capital Markets Real Estate Group is a wholly owned subsidiary of RBC Capital Markets and part of the Royal Bank Financial Group. RBC Capital Markets Real Estate Group is the largest dedicated real estate investment banking group in Canada, with twenty-nine professionals located in Toronto, Calgary and Montreal. RBC Capital Markets Real Estate Group specializes in institutional quality real estate holdings including shopping centers, office buildings, industrial properties, corporate facilities, hotels and development sites in major urban centers. RBC Capital Markets Real Estate Group is the leading provider of property brokerage, debt and equity solutions for the Canadian real estate market.
About Greenscape Capital Group
Greenscape Capital Group increases environmental sustainability, social responsibility, and profitability of companies and their operations. Greenscape Capital owns 100% of Green.Switch Capital, a Canadian based company focused on dramatically increasing the profitability of commercial facilities through enhanced energy efficiency and environmental best practices. Green.Switch provides full-service energy retrofitting for commercial clients. The Green.Switch energy retrofit process begins with the assessment of client issues and infrastructure, through to project design, capitalizing improvements, attaining government incentive grants when applicable, contracting, installation and monitoring. When marked opportunities arise, Greenscape also invests in other companies that operate in the environmental space, providing strategic capital and business advisory services to assist companies in achieving their environmental and corporate goals.
ON BEHALF OF THE BOARD
Bryan Slusarchuk, CEO and Director
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding future revenues and contracts. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur, when they will occur, or if they do occur, what benefits the company will obtain from them.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
