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Graywood partners with Hankyu Hanshin Properties

Thursday, January 9, 2025

Japan-based Hankyu Hanshin Properties formed a new partnership with Graywood Developments, marking its entry into the Canadian real estate market.

The partnership will develop high-quality residential projects within the Greater Toronto Area, drawing on Graywood’s extensive experience in the Canadian residential development space and Hankyu Hanshin Properties’ global expertise. To mark their first collaboration, Hankyu Hanshin Properties will joint venture with Graywood on the development of Claystone, a premier residential project located in Oakville, Ontario.

“We are thrilled to partner with a top-tier real estate firm like Hankyu Hanshin Properties,” said Stephen Price, President & CEO of Graywood. “This collaboration represents a significant milestone for both companies, and we are confident that our combined expertise will deliver an exceptional living experience for future residents of Claystone. We look forward to completing more joint venture projects with our new partner.”

Claystone is located in the heart of Bronte Village in South Oakville. The seven-storey boutique condo building is set to begin sales in 2025 and deliver units in 2028.

Graywood will serve as the lead developer, constructor, and sales manager for Claystone, working in close partnership with Hankyu Hanshin Properties. The project aims to bring an elevated boutique condo building to South Oakville, combining sophisticated design with high-quality construction in one of Ontario’s most coveted communities.

“Claystone is a testament to our shared vision of creating outstanding residential communities,” added Masahiko Toda, director at the overseas business headquarters of Hankyu Hanshin Properties.  We look forward to the success of this venture and to exploring more opportunities together in the future.”

Colliers Canada and Colliers Japan acted as advisor for the transaction.

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