Anthem Citizen Real Estate Development Trust Files for IPO to Fund Major Burnaby Project

The offering seeks to raise up to C$82 million for a mixed-use development, addressing housing availability in Metro Vancouver.

Anthem Citizen Real Estate Development Trust has filed a preliminary prospectus for an IPO in Canada.
The IPO aims to raise between C$65 million and C$82 million to fund a mixed-use development in Burnaby, British Columbia.
The project includes 372 condominium units, 200 market rental units, 73 affordable rental units, 176 hotel suites, and retail space.
CIBC World Markets Inc. is the sole agent for the offering, which will be managed by Anthem Properties.
Construction on the project is expected to commence soon after the IPO closes.