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Greenstone Development Ltd: Pioneers in Real Estate and Building Projects

Greenstone Development Ltd, also known as Greenstone Developments Limitedteis d, is a reputable player in the real estate and construction industry. Established in 2006 and headquartered in Hayle, England, the company has carved a niche for itself in the development of building projects, real estate transactions, and property management. With a presence extending to Kelowna, British Columbia, Greenstone Development Ltd exemplifies a commitment to quality, community, and sustainability in its projects.

History and Background

Origins and Growth

Greenstone Developments Limited was incorporated on July 6, 2006, under the name Chi-Da Limited. The company underwent a name change on December 2, 2016, to its current designation, reflecting its evolving focus and expanding scope of operations​. The company’s registered office is located at Prykernow, Penpol Avenue, Hayle, England.

Core Services and Specializations

Greenstone Development Ltd specializes in three primary areas:

  1. Development of Building Projects: The company undertakes comprehensive building projects from the ground up, ensuring quality and adherence to contemporary architectural standards.
  2. Real Estate Transactions: Greenstone is actively involved in the buying and selling of real estate, leveraging its market knowledge to secure valuable properties.
  3. Property Management: The company also focuses on the letting and operation of its own or leased properties, ensuring optimal management and tenant satisfaction​​.

Expansion and Presence in Kelowna, BC

Greenstone Development Ltd. has expanded its footprint to Kelowna, British Columbia, where it operates under the same ethos of quality and community focus. In Kelowna, the company is recognized for its role as a contractor and has a business license valid until December 31, 2024​.

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Key Projects in Kelowna

  1. Willoughby Walk: This project is a six-story purpose-built rental building featuring 181 units. Completed in 2015, it boasts a modern design with earthy tones and wooden accents, reflecting Greenstone’s commitment to aesthetic appeal and functionality.
  2. Bottom Wood Lake Road: Currently in the development stage, this four-story wood frame rental building is expected to be completed by 2025. This project underscores Greenstone’s forward-thinking approach and dedication to expanding housing options in Kelowna​.

Vision and Mission

Greenstone Developments’ mission is to create high-quality, professionally managed rental buildings that foster a sense of community and offer services that exceed the average standards. The company aims to partner and ultimately own 2,000 rental units over the next decade. This ambitious vision is supported by decades of experience and a strategic approach to development and property management​​.

Community and Environmental Commitment

Greenstone Development Ltd. strongly emphasizes community engagement and environmental sustainability. By working collaboratively with stakeholders and prioritizing eco-friendly practices, the company ensures that its projects contribute positively to the communities they serve. This approach enhances the living experience for residents and supports broader environmental goals.

Financial and Corporate Information

Greenstone Developments Limited operates as a private limited company, with regular filings and updates to ensure compliance and transparency. The state of the business’s finances is shown in its annual accounts, which are prepared up to November each year. The next accounts are due by August 31, 2024, and the next confirmation statement is due by December 9, 2024​.

Leadership and Governance

The leadership at Greenstone Developments is characterized by a blend of experience and innovation. Key changes in the company’s governance, such as Wendy Estelle Doughty’s appointment as director and secretary, highlight the dynamic nature of its leadership team​​.

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Challenges and Opportunities

Like many in the real estate sector, Greenstone Development Ltd faces challenges such as fluctuating market conditions, regulatory changes, and the need for sustainable building practices. However, the company’s strong foundation, experienced leadership, and clear vision provide a robust framework for navigating and overcoming these obstacles and seizing growth opportunities and expansion.

Future Prospects

Looking ahead, Greenstone Development Ltd. aims to continue its growth trajectory by expanding its portfolio of rental properties, enhancing its service offerings, and deepening its commitment to sustainability and community development. The company’s strategic plans include completing ongoing projects and exploring new opportunities in both existing and new markets.

Conclusion

Greenstone Development Ltd stands as a testament to excellence in the real estate and construction industry. With a rich history, a clear mission, and a commitment to quality and community, the company is well-positioned for continued success and growth. As it looks to the future, Greenstone Development Ltd will undoubtedly continue to play a pivotal part in influencing the built environment and improving the standard of living for its residents.

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