Additional Information
Market: TSX-V
Sector: Cleantech and Renewable Energy
EPIC: GRN
Latest Price: C$0.05  (0,00%)
52-week High: C$0.23
52-week Low: C$0.04
Market Cap: C$2.72M
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Greenscape Capital Group
www.greenscapecapital.com

Greenscape Capital increases the environmental sustainability and social responsibility of our built environment through the development of sustainable facilities and the energy retrofitting of existing commercial facilities.  Greenscape offers a particular focus to the parking industry.

In November, 2010, Greenscape completed the building of the world's greenest parking facility, servicing the Denver International Airport, with operating partner Propark America. This industry-transforming development has been certified as a Demonstrator Site for the Green Parking Council and will serve as a model from which new and environmentally responsible parking facilities will be built in addition to the retrofitting of existing facilities throughout North America.

 

Pdf

Greenscape completes funding for Denver green parking facility

14th Oct 2010, 8:47 am

Greenscape Capital (TSX-V: GRN) said Wednesday that it has made the final equity contribution for the construction of the Denver green parking project.

The 4,200 stall facility will open and immediately begin generating cash flow in November this year, substantially ahead of schedule. Recently, Green Park Denver chose to market the Denver facility as "Canopy Airport Parking".

The LEED Gold development, which will incorporate wind, solar, and geothermal solutions, as well as electric vehicle plug in stations and LED lighting into operations, will serve as a model for future green parking projects across North America.

Greenscape has now contributed approximately US$9 million in equity to the construction project. In addition to the Greenscape investment, the project also received a US$1.1 million investment from minority interest partners, along with an $8.5 million three-year construction loan bearing all-in, fixed interest of 5.45% from Wells Fargo Bank.

The project has a pre-cash flow, post-construction appraised value of US $30.9 million and US $41.6 million upon market stabilization.

Separately, Greenscape has announced it has extended the terms of the US$2 million loan it announced it May, now due to mature on December 15, 2010.

Greenscape is focused on increasing the profitability of commercial facilities through enhanced energy efficiency and environmental best practices. The company was up nearly 9% on Wednesday, trading at $0.37 as of 2:51pm ET.

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