On June 14, 2019 the Fengate-led consortium Newfoundland and Labrador Healthcare Partners (NL Healthcare Partners) announced its financial close for the Gander and Grand Falls Windsor Care Homes infrastructure project.
In reaching financial close, the provincial government and NL Healthcare Partners have signed all the project and financing agreements, which enables access to funding and project implementation.
The NL Healthcare team is comprised of Developer, Fengate Asset Management on behalf of its investors; Design-Build Contractor, Pomerleau; Designers, Architecture49, G architects and Gibbons Snow Architects; and Engineering, WSP Canada, Malcolm Pinto Engineering and Jewer Bailey Consultants.
The project comprises two facilities; the Gander home will be built next to the College of the North Atlantic campus on Magee Road and the Grand Falls-Windsor home will be built on Scott Avenue on the site of the former Abitibi Consolidated mill. The Gander facility will be designed and constructed with the potential for future expansion.
Construct on both homes is expected to be complete in 2021. The project will address pressures on the long-term care system in the province by improving better services and outcomes for residents.
Blake, Cassels & Graydon LLPacted as Project Co Counsel
Torys LLP represented the Authority Counsel
McMillan LLP represented the underwriter (TD Securities Inc.) and the bondholders, with a team led by Peter Willis and Julie Han (Infrastructure) and included Brent Thomas (Financial Services) and Michael Burns (Securities).