Genesis Land Development Corp. Announces 734-Acre Land Acquisition and an Option to Purchase Additional 106 Acres in Calgary

Genesis Land Development Corp. Announces 734-Acre Land Acquisition and an Option to Purchase Additional 106 Acres in Calgary

CALGARY, AB, May 22, 2024 /CNW/ - Genesis Land Development Corp. (TSX:GDC) ("Genesis") is pleased to announce that it has contracted to acquire approximately 734 acres of future residential development land (the "Land") located in the southeast sector of the City of Calgary for $53.9 million. Genesis has paid a deposit of $2.7 million with an additional $9.1 million due at the closing of the transaction on June 7, 2024.  The remaining balance of…