TORONTO–(BUSINESS WIRE)–In a monumental partnership poised to transform Ontario’s real estate landscape, BLG Group, a US based investment fund, has announced a dynamic collaboration with Verona Real Estate Group, committing a strategic $1.2 billion over the long term of the partnership toward five landmark developments with a projected exit value exceeding $3 billion. This partnership is set within Canada’s thriving $2 trillion economy—one of the most stable and promising markets globally—creating the perfect backdrop for this ambitious joint venture. The collaboration aims to redefine urban living through sustainable, innovative communities across Southern Ontario and the Eastern United States.
The strategic infusion of $1.2 billion over the long term of the partnership from BLG Group will accelerate the realization of these visionary projects, while Verona Real Estate Group will lead the development, design, and construction efforts. Together, the firms are on a mission to deliver world-class living spaces that cater to the evolving needs of Ontario’s residents, all while setting new standards for real estate development in North America.
Ajay Dubey, CEO of BLG Group, expressed his excitement about the partnership: «This collaboration marks a pivotal step in our strategy to expand into North America’s booming real estate sector. We specifically sought out Verona Real Estate Group not only for their track record in successful developments but because their management team brings a unique combination of expertise in finance, capital markets, and risk management. Verona’s leadership has both Canadian and global experience, which made them the ideal partner to drive these transformative projects forward. Working alongside them allows us to pair our financial strength with their unparalleled development acumen, ensuring that we create communities that resonate with modern living while delivering exceptional long-term value.»
Asif Khan, CEO of Verona Real Estate Group, shared his enthusiasm for the alignment between the two firms: “This is more than just a real estate project—it’s about reshaping how people experience urban living. Partnering with BLG Group unlocks extraordinary potential, combining our commitment to sustainable, community-driven development with their deep financial resources. What makes this partnership truly special is that the leadership of BLG Group and Verona are perfectly aligned in our principles and value systems. This chemistry is rare to find in a strategic partnership and forms the foundation for creating vibrant, future-forward communities that not only meet market demand but set a new benchmark for innovation and quality.»
Both companies are energized by the opportunities this collaboration will ignite, confident that their combined expertise will bring lasting value to the communities they serve, transforming the landscape of real estate in Ontario and beyond.
Contacts
Adam Chow
Media Relations and Communications
Verona Real Estate Group
[email protected]