REGINA, SASKATCHEWAN–(Marketwired – March 26, 2015) – Dream Development, a division of Dream Unlimited Corp. (TSX:DRM) (TSX:DRM.PR.A) is happy to announce that the City of Regina has approved its proposed donation of $650,000 for the construction of a children’s spray pad. The North West Leisure Centre’s spray pad will help children escape the Saskatchewan summer heat from 2016 onwards.
The spray pad has been an initiative of the City of Regina since late 2014, and will complete phase 1 of the project at the North West Leisure Centre. Future phases will include an accessible play structure.
Dream Development is pleased to donate to this project for a number of reasons, including the fact that the timing was just right, the project is in its infancy, and it is a high priority for the City. The Centre is also very close to the Coopertown neighborhood where Dream has significant land holdings, and will be an attractive amenity for its future residents.
“We are very pleased that we can contribute and help build the children’s spray pad in the city’s North West. We are committed to Regina, and honoured to participate in making this area of the city an even nicer place to live.” said Daniel Marinovic, Senior Vice-President, Land & Housing, Dream.
Dream Development (formerly Dundee Developments) has been a significant developer in Regina for over 50 years, contributing to and investing in the city and its communities. The company is excited to take part in this project as well as to continue building better future communities throughout the City of Regina.
About Dream Unlimited Corp.
Dream is one of Canada’s leading real estate companies with approximately $14.7 billion of assets under management in North America and Europe. The scope of the business includes residential land development, housing and condominium development, asset management for three TSX-listed real estate investment trusts (Dream Office REIT, Dream Global REIT and Dream Industrial REIT) and one TSX-listed diversified, hard asset alternatives trust (Dream Hard Asset Alternatives Trust), investments in and management of Canadian renewable energy infrastructure and commercial property ownership. Dream has an established track record for being innovative and for its ability to source, structure and execute on compelling investment opportunities.
Chief Financial Officer
SVP, Land & Housing