Posted Jan 13, 2025, 4:50 AM
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Registered User
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Join Date: Dec 2015
Posts: 14,659
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Asia Standard's parent company is a public company if you want to examine their books.
Quote:
The redevelopment of our Empire Landmark hotel
in Vancouver is progressing well. Internal fittingout is completed and we are expecting occupation permit of the “Landmark on Robson” development to be issued in the third quarter 2024. This is an approximately 394,000 sq. ft. GFA redevelopment with
two 30-plus storeys residential towers, comprising 236 residential units over a three-storeys podium of retail and office space of about 50,000 sq. ft., and a four-level underground parking facility in addition. Up to 31st March 2024, approximately CAD241 million of residential sales were contracted, and about half of the retail shops were pre-leased.
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Quote:
The Group’s two joint venture residential development
on Alberni Street, downtown Vancouver, are in active
discussion with the local city’s planning department.
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Quote:
17 Landmark on Robson
1400 Robson Street Vancouver,
B.C., Canada
82.7% 41,000 394,000 R/C Completed
18 1394 Robson Street
Vancouver, B.C., Canada
82.7% 8,400 75,000 R Planning/–
19 1488 Alberni Street
Vancouver, B.C., Canada
33.1% 43,300 627,000 R/C Planning/–
20 1650 Alberni Street
Vancouver, B.C., Canada
33.1% 17,300 276,000 R/C Planning/
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https://asiastandard.com/wp-content/...24/07/E129.pdf
https://asiastandard.com/
The 1488 and 1650 Alberni Projects are only 33.1% ownership by Asia Standard as well.
Who knows about Landa but if they are still starting new projects it seems to suggest they aren't totally insolvent. Though they asked for a delay on a Richmond project
https://www.richmond-news.com/local-...ension-8575093
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