In a landmark partnership aimed at transforming Ontario’s real estate sector, BLG Group, a U.S.-based investment fund, has joined forces with Verona Real Estate Group, committing $1.2 billion toward five landmark developments with a projected exit value of over $3 billion. This collaboration is set against the backdrop of Canada’s thriving $2 trillion economy—one of the most stable and promising markets in the world—creating the ideal environment for this ambitious joint venture. The aim is to redefine urban living through sustainable, innovative communities across Southern Ontario and the Eastern United States.
The strategic investment from BLG Group will expedite the realization of these visionary projects, while Verona Real Estate Group will spearhead development, design, and construction efforts. Together, they are committed to delivering world-class living spaces that cater to the evolving needs of Ontario’s residents, setting new standards for real estate development in North America.
Ajay Dubey, CEO of BLG Group, expressed enthusiasm for the partnership: “This collaboration represents a pivotal step in our strategy to expand into North America’s booming real estate sector. We specifically sought Verona Real Estate Group for their proven track record and the unique combination of expertise their management team offers in finance, capital markets, and risk management. With their Canadian and global experience, Verona is the ideal partner to drive these transformative projects forward. By combining our financial strength with their exceptional development skills, we aim to create communities that resonate with modern living while delivering long-term value.”
Asif Khan, CEO of Verona Real Estate Group, shared his excitement about 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, merging our commitment to sustainable, community-driven development with their robust financial resources. The chemistry between the leadership of BLG Group and Verona is rare, forming the foundation for vibrant, innovative communities that not only meet market demand but also set new benchmarks for quality.”
Both companies are energized by the opportunities this collaboration will create, confident that their combined expertise will bring lasting value to the communities they serve, transforming the real estate landscape in Ontario and beyond.
