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Walton Global Completes Sale of Canadian Land Totaling Nearly 550 Acres

2024/06/26

Walton Global Completes Sale of Canadian Land Totaling Nearly 550 Acres

Several Parcels of Land sold to Real Estate Developer Multivesco for Residential Development

 

Walton Global, a real estate investment and land asset management company, has announced the successful sale of four parcels in Alberta, Canada, totaling over 540 acres. The acquired land includes 298 acres in Edmonton from the Edgemont Estates South Master Plan and 242 acres in Calgary from the Rockyview Master Plan. The properties are planned for residential development that will bring new and much needed homes to their respective areas.  

The sale of Edgemont Estates South represents Phases 6 and 7 of the project. Phase 6 includes nearly 140 acres while Phase 7 includes 160 acres. Both phases are zoned for residential development and are part of the larger 1,104-acre Edgemont South Master Plan that includes several different ownership groups. The property is southwest of Anthony Henday Ring Road, west of the North Saskatchewan River Valley and south of another Walton Global community, Woodhaven Edgemont, which received the Best Community award for two consecutive years. 

The Master Planned community is anticipated to benefit from the infrastructure investment by all levels of government and the development of neighboring communities to the north. New residents will also enjoy convenient access to the region’s increase in amenities, including the conservation of natural areas and a variety of shopping and dining destinations.  

“We are thrilled to reach this monumental step for Edgemont Estates South, which is highly anticipated based on the significant growth the southwest corridor of the City of Edmonton has experienced in recent years,” said Rob Nixon, Senior Vice President, Real Estate at Walton Global. “Multivesco has been a tremendous partner throughout the process, and we’re confident they and their partners will deliver a successful community.”  

The recent sale of Rockyview represents Phases 1 and 2 of the Rockyview Master Plan. Phase 1 includes 148 acres while Phase 2 includes 94 acres. This Master Plan proposes a mix of residential uses targeting first-time and move-up homebuyers. Upon full buildout, Rockyview is anticipated to accommodate a variety of affordable housing products and supporting multi-family, commercial, and retail uses. The land benefits from favorable accessibility to major city centers, as it is immediately south of Stoney Trail Highway 22X and west of 88th Street southeast.  

“Walton Global was originally founded in Calgary, so we’re excited to see development expansion in the region,” continued Rob Nixon. “Rockyview is another great project that we were excited to work with Multivesco on, and the future neighborhood will join great company in the region, such as the adjacent community of Mahogany, which has won Community of the Year six times!”

Multivesco is a Canadian real estate developer headquartered in Gatineau, Quebec. The company has a track record of over 50 years in the development industry with a strong commitment to enhancing its surrounding community.