On Tuesday, JDG launched construction of the 1.5-acre Cardinal Residence project, which will comprise 36 studios, and 12 one-bedroom and six two-bedroom apartments. Kibebi Johnston owns another 29 per cent and Dequity, which is owned by Kadeen Mairs, holds the remaining 20 per cent. The newly formed Johnston Development Group is majority owned by Jamaica Fruit and Shipping Company of which Charles Johnston is managing director and chairman.
#Cardinal land group series#
It’s the first in a series of projects planned by the company, which is headed by Jamila ‘Kibebi’ Johnston, daughter of businessman Charles Johnston. Please note that the Tamarack Design Centre (Ottawa and Kingston) continues to be open by appointment only.įor more information, please get in touch with us by telephone or email (all contact information is available on our website).Johnston Development Group, JDG, a year-old company in which private equity outfit Dequity Capital Management Limited has a stake, is undertaking a $1.2-billion residential development in Kingston called Cardinal Residence. If you have questions regarding your home that is currently under construction, please contact your customer service representative. Our sites remain operational, and our staff continue to observe heightened hygiene and cleanliness standards through frequent handwashing and sanitization of surfaces. Our sales teams are available in person, by phone, by email, and through virtual meetings to answer any of your questions and help guide and support you through your homebuying experience. The health and safety of our employees and our new homeowners is our priority. Our sales offices and model homes are open to the public during our posted operating hours on our website. Our goal is to continue to provide the quality of service that our customers expect, while ensuring our employees are healthy and safe. To our valued Homeowners, Guests, and Partners,Īs we emerge from the COVID-19 pandemic, we want to assure our employees, clients, partners, and guests that we are continuing to follow all public health guidelines to protect the health and safety of our employees, customers, partners, and the public.
#Cardinal land group full#
All Agreements of Purchase and Sale with current and future Tartan customers, and all contracts and related obligations with subcontractors and strategic partners will remain in place.Ĭlick here to download the full press release. There will be no change to any of the operations at Tartan Homes. Through this acquisition, both Tamarack and Tartan will be able to accelerate their strategic growth plans, while continuing to deliver some of the highest quality homes in the National Capital Region. Tartan will continue to operate as a separate entity under the umbrella of the Taggart Group of Companies. The acquisition of Tartan Homes includes their land, design centre, and current project sites, as well as welcoming Tartan’s employees to the Taggart team.
The synergies between the two companies will drive value for employees, homeowners, and communities alike. As distinct and reputable home builders in Ottawa, the companies hold similar values and principles. The Taggart Group and Tartan have a long-standing history and partnership, and together have built some of Ottawa’s most well-known subdivisions.
The Taggart Group of Companies is pleased to announce that on September 1st, 2021, they acquired Tartan Homes.
0 kommentar(er)
