May 21, 2020
Bird Construction Inc. Announces that it has been Awarded Two New Projects: 185 Enfield Place Project and The Louvre Residence Project
Bird Construction Inc. (“Bird”) announced today that it has been awarded two new projects. The first is a construction management services contract for 185 Enfield Place Project in Mississauga, Ontario for approximately $107 million for GWL Realty Advisors (“GWLRA”). The second is a stipulated sum contract for the Louvre Residence at Century Park Project (“Louvre”) in Edmonton, Alberta for approximately $57 million under development by Procura Real Estate Services Ltd. Construction on both projects is scheduled to commence in the second quarter of 2020.
The 185 Enfield Place Project consists of a thirty-five storey, 366-unit tower with approximately 26,000 square metres of gross floor area. It includes a five-storey podium space and four levels of underground parking. The design will feature modern suites, dynamic floor plans, desirable indoor and outdoor amenities, professional management and unparalleled access to the surrounding community and the wider Greater Toronto Area. The new building is to be constructed to Leadership in Energy and Environmental Design (“LEED”) gold standards.
The Louvre is a new concrete and wood framed, mixed-use residential project comprised of 358 residential dwellings and over 800 square metres of commercial space. The building will be seven storeys tall (three concrete, four wood frame), with two levels of parking. The Louvre will also feature an interior courtyard and shared amenity space for its residents. The Louvre development is part of the greater development of Century Park and will be completed in 2022.
“These two projects will add a combined $164 million to Backlog in the second quarter of Bird’s 100th year of operations in Canada,” said Mr. Teri McKibbon, President and CEO of Bird. “These projects are both great examples of Bird’s discipline in contracting projects that are geographically diverse and balanced in terms of their risk profile.”
This press release contains forward-looking information (as defined in applicable Canadian securities legislation) that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance, or achievements to materially differ from those expressed or implied by the forward-looking information.
The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.
For further information contact:
T.L. McKibbon, President & CEO or
W.R. Gingrich, CFO
Bird Construction Inc.
5700 Explorer Drive, Suite 400
Mississauga, ON L4W 0C6
Phone: (905) 602-4122