Strategic Group’s Q2 2025 Corporate Update Highlights Opportunity, Efficiency, and Purpose-Driven Growth

MAY 28, 2025

Calgary, AB – APRIL 2025– Strategic Group’s Q2 Corporate Update, led by CEO Riaz Mamdani, spotlighted the bold thinking and strategic agility behind the company’s office-to-residential conversion model — one that aligns with both economic realities and community needs. 

“We don’t just respond to the market. We look deeper, and we act faster,” said Mamdani. 

“Create value others can’t by seeing what others don’t.” 

The presentation underscored Calgary’s ongoing office vacancy challenge, with rates remaining above 25% since 2021 — the highest among major Canadian cities. Rather than seeing this as a crisis, Strategic Group sees a city-building opportunity. 

The economic rationale is equally compelling: 

New residential high-rises can average over $350 per square foot in hard costs, while conversions come in around $90 PSF, unlocking affordability and project speed without compromising quality. 

“These buildings already exist,” Mamdani noted. “We’re not starting from scratch. We’re starting from insight.” 

The event also recognized internal leadership, with Rick Beeman, Building Operator, awarded the Q1 See it. Own it. Fix it. award — a testament to how small actions can deliver lasting value. 

Strategic Group is leading the way forward — combining financial discipline, vision, and community-first development to reimagine Calgary’s downtown core for what’s next.