Fengate Pomerleau consortium selected for Gander and Grand-Falls Windsor Care Homes infrastructure project

TORONTO, April 15, 2019 /PRNewswire/ - The provincial government of Newfoundland and Labrador has selected Newfoundland and Labrador Healthcare Partners (NL Healthcare Partners) to design, build, finance and maintain the Gander and Grand Falls-Windsor Care Homes project in a public-private partnership.

The NL Healthcare team includes:

• Developer: Fengate Asset Management (Fengate)
• Design-Build Contractor: Pomerleau
• Designer: Architecture49, G architects, Gibbons Snow Architects
• Engineering: WSP Canada, Malcolm Pinto Engineering, Jewer Bailey Consultants

The project comprises two facilities, one in Gander and one in Grand Falls-Windsor, that will each provide 60 long-term care beds. The Gander facility will be designed and constructed with the potential for future expansion of approximately 105 additional beds. Addressing pressures on the long-term care system in the province, the project is focused on improving access to bed placement.

The project is expected to reach financial close in Q2 2019. The contract cost will be announced publicly following financial close.

"We are honored to be selected as the preferred consortium to deliver this critical healthcare infrastructure to Gander, Grand Falls-Windsor and the surrounding communities," said George Theodoropoulos, Managing Partner, Fengate. "We look forward to a long and productive partnership with the Government of Newfoundland and Labrador to build, operate and maintain these long-term care facilities for the province and its citizens."

We are very proud to be given the opportunity to design and build this major project," said Lorin Robar, Pomerleau's Regional Director for the Atlantic provinces. "We also are pleased to partner once again with the Government of Newfoundland and Labrador on a project that has such a great and positive impact on the area, its community and its economy."

Construction on both projects will begin in 2019 and is projected to generate more than 343 person-years of employment and $39 million in economic activity in the province. This initiative delivers on the Government of Newfoundland and Labrador`s commitment to strengthen the province's economic foundation and deliver better services and better outcomes for residents. For more information, please visit https://www.gov.nl.ca/thewayforward/.

About Fengate
Fengate is a leading alternative investment manager focused on infrastructure, private equity and real estate strategies. With offices in Toronto, Houston, New York, Vancouver and Oakville, Fengate is one of the most active real asset investors in North America and the firm has been investing in P3 and infrastructure across North America since 2006. We have worked hard to earn our reputation as a trusted and innovative developer and proven investor, and to establish strong market relationships with design-builders, infrastructure operators and government procurement agencies. Learn more at www.fengate.com

About Pomerleau
Pomerleau is one of Canada's leading construction companies and a pioneer in sustainable buildings. It specializes mainly in the building, infrastructure, civil engineering and renewable energy sectors. Founded more than 50 years ago, the company employs up to 4,000 people at its 9 regional offices, including Halifax and St. John's, and more than 150 worksites across the country. Pomerleau projects revenues of $2.1 billion in 2018 and holds a current backlog in excess of $3.5 billion. The company and is currently constructing a waste water treatment facility for the Town of Gander and has previously worked with Central Health at the Central Newfoundland Regional Health Centre. In addition, it is a champion of virtual design and construction. Pomerleau owns Beaubois, a company specializing in millwork and architectural woodwork, and co-owns Borea Construction, the Canadian leader in renewable energy construction. For more details about Pomerleau, visit www.pomerleau.ca

SOURCE Fengate Asset Management