TORONTO, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Altree Developments Inc. ("Altree"), in collaboration with Avenir Jersey Developments Limited ("AJDL") (a company owned by associates of Lanterra Developments Inc.) and Westdale Construction Co., Limited ("Westdale Properties"), is excited to announce today the successful closing of the initial public offering ("IPO") of the West Side Square Development Fund. The proceeds from the IPO of West Side Square Development Fund, an innovative mutual fund trust, will be used to fund the development and unlock the potential of West Side Square, an ambitious purpose-built rental development in New Jersey, offering value-creating potential for investors.
Highlights:
- Unlock value for Altree shareholders.
- Successful public capital raises to fund the development of West Side Square, while Altree, AJDL, Westdale Properties, among ...