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Inwest Investments Inwest investments Ltd. (Inwest) is a private holding company which was formed by Hassan Khosrowshahi when he immigrated to Canada in 1981. Khosrowshahi joined his father in the family business which was engaged in the import, export and distribution business in Iran in 1958. By 1978 when Khosrowshahi left Iran the business which had become known as the Minoo Industrial Group was engaged in the manufacture and distribution of Confectionery products (Biscuits, Wafers, Chocolates, Chewing Gum, Toffees, Boiled Sweets) Snacks, Pharmaceuticals, and Cosmetics. Minoo Group employed 6,000 people and had sales of U.S. $350 million in 1978. Since 1981 Inwest has made substantial investments in the retail, real estate, and most recently the pharmaceutical businesses in Canada. |
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Drug Royalty is an innovative and profitable Canadian company involved in the international life science industry. Established in 1992, DRC was designed to participate in the growth from the global healthcare industry by investing in royalty streams generated from pharmaceutical products. In April 2002, Drug Royalty was the target of a successful take-over bid by Inwest Investments Ltd. Drug Royalty's business strategy is to aggressively pursue and negotiate profitable royalty agreements for late-stage and market-ready pharmaceutical products. Through this strategy, Drug Royalty eliminates the large overhead costs associated with pharmaceutical product development, while benefiting from significant revenue streams generated by these pharmaceutical products. |
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Future Shop opened its first store, selling consumer electronics and computer products, in Vancouver in 1982. It was, for the time, a large store measuring just over 4,000 square feet. Within four years the company covered many of the markets in British Columbia and began expanding into the other provinces. Future Shop entered the Alberta market in 1986, expanded to Manitoba in 1987 and to Ontario in 1988. Having successfully established itself in Ontario the company entered the Quebec and Saskatchewan markets in 1993 and the Maritimes in 1994. The company entered the U.S. market in the Pacific North West in 1992. However this entry was not successful and the company withdrew from that market. By the year 2001 Future Shop had grown to become the largest consumer electronics retailer in Canada. It had 90 stores, sales of over $2 billion, operated in every province of the country and employed over 8,000 people. In November of 2001 Future Shop was sold to Best Buy Inc. of the U.S. for approximately $600 million. |
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Wesbild is a multifaceted real estate development company that has concentrated its activities in Western Canada and the Pacific Northwest of the U.S. Its activities have included multi-family and high rise residential, hotels, golf, shopping centers, land development and land assembly. Wesbild's Shopping Centre Division based in Seattle, Washington concentrates on community type centers. Such centers are typically food anchored with two to four other major tenants and numerous commercial retail units. Typical centers range in size from 150,000 to 450,000 square feet and are most often located within major trading areas as opposed to secondary locations. Wesbild has developed and renovated over two million square feet of shopping centers. Wesbild has a staff that is uniquely qualified to develop, renovate, reposition and re-tenant difficult or 'broken' shopping centers, including centers that are geographically challenged. It does so with its own capital or in partnership with others. Wesbild's Land Development Division is based just outside of Vancouver, Canada in Coquitlam, British Columbia adjacent to it Westwood Plateau Project. |
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Westwood Plateau is a master-planned community developed by Wesbild Holdings Ltd. Now home to some 20,000 people, it will be home to approximately 25,000 people at built out. Westwood Plateau is one of the most desirable suburban neighborhoods in the metropolitan area of Vancouver, British Columbia. Until 1989, Westwood Plateau consisted of a 1,400 acre parcel of undeveloped hillside at the northern edge of the City of Coquitlam, a suburban municipality 25 km (15 miles) east of Vancouver. Comprising the lower slopes of Eagle Mountain, the site was owned by the Provincial government with a portion leased to a sports car club for use as a racetrack. The Westwood racetrack attracted car enthusiasts to the site from 1956 until the track closed in 1990. Both the province and the City of Coquitlam had long seen Westwood Plateau as a site for a major new community. When Wesbild Holdings acquired the land from the province in 1989, through a public tender process, the site was ripe for development. An Official Community Plan was in place, along with an agreement with the City whereby the developer would install and pay for all the major infrastructure such as roads, bridges, sewers, water reservoirs, parks and other services. By the fall of 1990, just 15 months after site acquisition, Wesbild had installed some $50 Million of infrastructure works, and was marketing the first home sites to builders. Today the project is home to five schools, two golf courses, a shopping center, community facilities and numerous parks and playgrounds. Wesbild operates the golf and other recreational facilities situate at Westwood Plateau. Wesbild's latest land development on a scale of significance is being planned for Burke Mountain, which is just across the river valley from Westwood Plateau. Wesbild has acquired approximately 230 acres of land in this area and is looking at additional acquisitions. Most recently Wesbild has entered the rental housing market in Vancouver, British Columbia, by acquiring a high rise tower containing 162 rental units. This tower is situated on one of the main thoroughfares in downtown Vancouver.
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