News

Strategic Group puts a spotlight on community with new director

Strategic Group is pleased to announce that Daorcey Le Bray has joined the team as Director, Brand and Community.

“Building and strengthening community, whether that community is our tenants and customers or the larger community in which we live and work, is incredibly important to us,” said Riaz Mamdani, CEO of Strategic Group. “Daorcey brings a wealth of experience and insight that will make him a valuable asset to our team.”

Daorcey joins Strategic Group after nearly eight years as Senior Communication Strategist with the Office of the Mayor at The City of Calgary. During that time, he supported Mayor Naheed Nenshi and his team to make Calgary an even better place for all its citizens. From the daily communication operations of an accomplished Mayor’s Office to the emergency response of the 2013 flood, Daorcey has been deeply involved in much of Calgary’s recent history.  

As part of his new role at Strategic Group, Daorcey will manage the company’s brand and reputation, community investment, and external and internal communication.

“I’m absolutely thrilled for to be joining Strategic Group at this exciting time in its history,” said Daorcey. “It has a great story to tell and team that is driven to do great things. I want to be a part of that.”

Strategic Group owns, manages, and develops office, retail, and apartment properties across Canada. It was named one of Canada’s Top Small & Medium Employers in 2017.

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Strategic Group commences construction of $150 million 37-storey project in downtown Calgary

Strategic Group announced the commencement of construction on ONE. The company also advised that Firmus has been awarded the contract to begin work on the structural components of this highly anticipated project. ONE, located on the corner of 1st Street and 10th Avenue SE, is scheduled to be completed in 2020.

ONE is destined to become one of Calgary’s foremost addresses and will be a truly exceptional building – a place that offers both luxury and leisure and is home to endless opportunity. Residents of ONE will have access to inner-city amenities and the lifestyle of the trendy and character-rich Victoria Park and Beltline communities. The 37-storey building will feature 379 residential rental units and 331,000 square feet.   

“Calgarians have seen a big hole for 16 years at the location for ONE,” said Riaz Mamdani, CEO of Strategic Group. “Through our team’s creative and unconventional approach, we have conceived a magnificent development. ONE will rise tall and proud – even in these financially challenging times.”

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Court Dismisses Class Action Lawsuit Against Strategic Group

On September 11, 2018, the Court of Queen’s Bench of Alberta dismissed a class action lawsuit commenced against Riaz Mamdani and Strategic Group. The lawsuit which began in 2012 and certified a class action in 2013 will continue against the remaining Defendants.

The Judgment by the Court of Queen’s Bench fully resolved the dispute as against Riaz Mamdani and Strategic Group while providing a mechanism for the funding of past and future legal fees to continue the pursuit of the litigation against the remaining Defendants.

The Class Action litigation involved a sale of real estate by a Strategic Group Company to a syndicator that allegedly misrepresented and misappropriated investor funds. Riaz Mamdani and Strategic Group have denied any liability in this matter and have consistently stated that liability may be owed by certain of the remaining Defendants.

“We will continue to assist the plaintiffs in whatever way we can”, stated Riaz Mamdani, CEO of Strategic Group. “It is our hope the plaintiffs will recover their losses.”

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