Large-scale performance

Our ability to handle complex tasks has made CitiGroup a sought after company when it comes to large-scale developments.

Over the past decade, CitiGroup has served as a leasing and financing consultant in the development of nine P-3 schools in Nova Scotia for Nova Learning Incorporated.

In addition, CitiGroup was carefully selected from among its competition to jointly develop two large-scale projects with the Diamond Group of Companies. Each of these two projects presented their own unique challenges:

• The Leo Hayes High School in Fredericton, NB, was a $19.8 million project leased to the Province of New Brunswick. This 170,000 square-foot school had to be completed in a very short time frame, and was completed with CitiGroup’s involvement on time and on budget.
• The Correctional and Forensic Facilities in Burnside, NS, was a $60 million facility leased to the Province of Nova Scotia. This project marked the first time a correctional facility and a forensic hospital were housed under the same roof in Canada. The project presented CitiGroup with the challenge of combining these two units into one design, and with managing the project successfully.

In the development role, CitiGroup oversees the development process, negotiates project agreements, provides investment and financial analysis, arranges financing, negotiates lease agreements, selects the sites, arranges ownership structures and maintains control as the project manager.

Our development of these large-scale projects demonstrates our work ethic, adaptability and skill in tackling even complex assignments.

In addition to these public/private sector partnerships, our CitiGroup team is alert to new development opportunities.

We stay on top of the market to monitor and forecast growth areas, so developers and investors can get in on the ground floor.