Kalovida Canada Inc. builds boutique residential residences in Toronto’s most desirable neighbourhoods. The firm is well-known for its excellent construction quality, best-in-class finishes, and unrivalled building locations. It is a division of the German-based real estate developer Kalovida Grundbesitz GmbH, which specializes in unique high-end residential complexes. The company owns and develops two of the most well-known residential complexes in Bad Nauheim, a wellness city with rapid and efficient connections to Frankfurt that is gradually developing as a global model. Kalovida Grundbesitz GmbH has expanded its portfolio by beginning the second phase of one of its flagship projects, Parkstraße 11–13. With a passion for constructing urban luxury apartments, the company is replicating its successful German business model in Toronto, culminating in the establishment of Kalovida Canada Inc. in November 2016.
Kalovida Canada is a boutique real estate developer with a long-term investment horizon in Canada, backed by savvy and committed shareholders. The company has the combined resources and expertise to achieve success in today’s competitive real estate investment and development markets on both sides of the Atlantic. Since its first major Canadian acquisition of property in January 2018, Kalovida has been underway with the development project at 24 Mercer: Bungalow on Mercer, with construction set to begin in the summer of 2019. The team consists of architects, marketing and sales agents, lawyers, and consultants to deliver a one-of-a-kind end product.
Kalovida’s philosophy is to provide a new generation of fashionable residential living that combines the urban lifestyle with exceptional facilities and customized services inspired by hotels. With a long-term expansion strategy in Canada, Kalovida is looking to expand its asset portfolio in the Toronto market and maybe beyond, with numerous additional feasible development prospects under evaluation. Source: Kalovida Canada Inc.