by arash arash | Apr 17, 2024 | InnHouse News
Vancouver, BC – May 2024 – InnHouse Group Of Companies, a leader in responsible investing and community development, is proud to announce its latest investment in a groundbreaking project located in the United States. This initiative by BLDG Partners exemplifies InnHouse’s dedication to pioneering projects that support sustainable growth and enhance community well-being across North America. This investment underscores InnHouse Group Of Companies’ commitment to not only securing financial returns but also generating positive social and environmental impacts in diverse geographic locations. “Our investments in the United States, like this latest project, demonstrate our dedication to driving innovations that respect and uplift the communities we serve, both at home in Canada and abroad,” stated Salim Karim, President and CEO of InnHouse Group Of Companies. Situated in a key urban area in the United States, the project integrates state-of-the-art design and sustainability practices, setting new benchmarks in environmental responsibility while offering significant community amenities. Highlights include extensive green spaces, energy-efficient building solutions, and community-oriented programs designed to meet local needs and priorities. “By investing in significant projects like this, we are not only addressing current needs but also laying the groundwork for a sustainable and prosperous future,” added Amin Karim, Principal and Director at InnHouse Group Of Companies. “It is our mission to ensure that our investments make a lasting positive impact on both the environment and the communities involved.” InnHouse Group Of Companies invites community members and stakeholders to follow the progress of this compelling project through updates that will be available on our website and through our community engagement initiatives. For more information about InnHouse Group Of Companies and...
by arash arash | Apr 17, 2024 | InnHouse News
Vancouver, BC – April 2024 – InnHouse Group Of Companies, a leading investor in commercial real estate, is thrilled to announce a strategic investment in a significant industrial property on Vancouver Island, further expanding its portfolio into industrial outdoor storage spaces. This new acquisition, located at 9401 Trans-Canada Highway in Chemainus, BC, covers a vast 45.53-acre area and is currently fully leased to a diverse range of tenants. The property benefits from an exceptional location with significant frontage on the Trans-Canada Highway, making it a pivotal industrial hub between Victoria and Nanaimo. This acquisition aligns with InnHouse’s strategic objectives of investing in high-demand industrial areas and enhancing asset value through proactive management and potential development initiatives. Salim Karim, President and CEO of InnHouse Group Of Companies, stated, “This investment demonstrates our commitment to diversifying our real estate portfolio and capitalizing on the growing demand for industrial properties in strategic locations. We see tremendous potential in this property, not only due to its prime location but also because of its flexibility in usage which aligns perfectly with our long-term investment strategy.” The property currently hosts a variety of industrial tenants, providing stable and diversified income. With several leases set to renew at market rates in the near future, there is a significant opportunity to enhance yields. Additionally, the site’s heavy industrial zoning allows for a range of uses, offering flexibility in tenant mix and operations. Amin Karim, Principal and Director at InnHouse, added, “Our approach involves not just acquisition but active asset management. We plan to optimize this property through strategic lease management and exploring potential subdivision, which will significantly increase...
by arash arash | Apr 17, 2024 | InnHouse News
Vancouver, BC – April 2024 – InnHouse Group Of Companies, a leader in strategic investments in significant real estate developments, is proud to announce its latest investment in the Umbra residential development, part of the Portwood community in Port Moody, BC. This investment underscores InnHouse’s commitment to engaging in projects that enhance community development while delivering substantial investor value. The Umbra project, managed by Edgar Development Corp., will feature 219 condominium units within a master-planned community designed to integrate seamlessly with the surrounding nature. The project emphasizes sustainability, with more than 70% of the site dedicated to green space, and includes amenities such as parks, trails, and retail spaces, fostering a vibrant community atmosphere. Salim Karim, President and CEO of InnHouse Group Of Companies, stated, “Our investment in the Umbra project is a reflection of our strategic focus on supporting developments that are not only profitable but also beneficial to the community and environmentally considerate. We are particularly excited about this project’s focus on sustainable living and its integration of significant green spaces.” The Umbra development is set to begin construction in August 2023 and features units that are designed with high-end, environmentally conscious materials and systems, offering both luxury and efficiency. The project’s innovative approach aligns with InnHouse’s mission to invest in projects that push the boundaries of traditional real estate development while prioritizing sustainability and community integration. Amin Karim, Principal and Director at InnHouse, added, “This project represents a significant step forward in our efforts to foster developments that are aligned with our vision of sustainable and community-focused real estate investments. The Portwood community will serve as a...
by arash arash | Apr 17, 2024 | InnHouse News
Vancouver, BC – December 2023 – The Karim family, guided by a deep commitment to philanthropy and community service, has made a generous donation of $1 million to the Aga Khan Foundation Canada (AKFC). This contribution, reflecting the family’s enduring dedication to impactful giving, is intended to support the global initiatives envisioned by His Highness the Aga Khan, although specific uses of the funds will be directed by His Highness at a later date. The donation marks a significant milestone in the Karim family’s long-standing tradition of support for education and development under the guidance of His Highness. Didar Karim, along with his wife Parviz and their sons, Amin and Salim, have expressed their gratitude for the opportunity to contribute in a manner that aligns with the ethical values and humanitarian goals of the Aga Khan Development Network (AKDN). “We are humbled to be able to support the Aga Khan Foundation, an organization that mirrors our values of enhancing human potential and dignity,” said Didar Karim. “It is our sincere hope that our contribution will be used in a way that His Highness sees most fitting to advance the well-being of communities globally.” The Karim family has a rich history of engagement in philanthropic activities, underscored by Didar Karim’s personal journey from Uganda to Canada and his lifelong commitment to community service, including facilitating numerous adoptions internationally. This donation is a continuation of the family’s efforts to give back to the global community in meaningful ways. While the Karim family often keeps their philanthropic efforts private, they chose to share this milestone to inspire others to support global development initiatives....
by arash arash | Apr 17, 2024 | InnHouse News
Vancouver, BC – September 2023 – InnHouse Group Of Companies, a leader in strategic investments and partnerships with private equity firms, proudly marks the first anniversary of its significant investment in Huer Foods Inc. The investment, completed in September 2022, exemplifies InnHouse’s commitment to partnering with industry leaders and driving value through innovative strategies. Huer Foods Inc., based in Langley, BC, is a premier packager and distributor of soft & chewy candy across Canada. With a diverse product lineup that includes gummy shapes, wine gums, jelly babies, and vegan options, Huer stands as a pillar in the Canadian confectionery market, distributing its products nationwide. Salim Karim, President and CEO of InnHouse Group Of Companies, stated, “Our investment in Huer Foods was strategically aligned with our goal to support companies that are not only leaders in their markets but also have a clear path to growth and innovation. Over the past year, Huer has demonstrated remarkable resilience and agility, navigating through significant challenges while achieving near-target EBITDA, which is a testament to the strength of their business model and management team.” The investment has been fruitful, with Huer achieving a 15% increase in revenue year-over-year, despite facing industry-wide challenges. The company’s proactive measures, including expanding into direct-to-consumer channels and enhancing its product offerings, have poised it for continued success in the coming years. Amin Karim, Principal and Director at InnHouse, added, “The partnership with Huer Foods and our collaborative efforts with Krystal Growth Partners highlight our dedication to fostering sustainable growth and long-term value creation. We are excited about the future prospects of Huer, particularly with its ongoing initiatives in product...
by arash arash | Apr 16, 2024 | InnHouse News
Vancouver, BC – March 2019 – InnHouse Group Of Companies, known for its strategic investments in impactful private companies, is excited to announce its recent investment in Storm Guard, a leading provider of dewatering and water treatment services. This investment was completed in partnership with Krystal Growth Partners, further showcasing InnHouse’s commitment to collaborating with top-tier private equity firms. Storm Guard, established in 1989, has built a robust reputation for excellence, specializing in the removal and treatment of water from construction sites. Their services have been integral to the success of several high-profile projects, including the Vancouver General Hospital, Vancouver Convention Centre, Shangri-La Hotel, and Olympic Village. Salim Karim, President and CEO of InnHouse Group Of Companies, stated, “Our investment in Storm Guard aligns perfectly with our strategy to support companies that are leaders in their fields and that contribute positively to their communities. Storm Guard’s impressive track record in environmental stewardship and their innovative approach to water treatment solutions are what make this partnership particularly exciting.” This investment also highlights InnHouse’s approach to expanding its portfolio across North America, ensuring that its investments not only yield financial returns but also foster sustainable practices that benefit communities. Amin Karim, Principal and Director at InnHouse, added, “Working alongside Krystal Growth Partners, we are enthusiastic about the future growth of Storm Guard. We believe that our combined expertise will enable Storm Guard to expand its services and continue its path of innovation and excellence.” InnHouse Group Of Companies remains committed to its strategy of investing in high-quality private companies and leveraging partnerships with leading private equity firms to enhance growth and performance...
by arash arash | Apr 16, 2024 | InnHouse News
InnHouse Group Of Companies Announces Sale of Ridgeway Beer Wine and Spirits to Springs Group Vancouver, BC – InnHouse Group Of Companies, under the leadership of President and CEO Salim Karim, is pleased to announce the successful sale of Ridgeway Beer Wine and Spirits to the Springs Group. This marks the conclusion of a successful chapter for InnHouse in the Maple Ridge community, following its acquisition and rebranding of the Golden Ears Liquor Store to Ridgeway Beer Wine and Spirits in May 2019. Under Salim Karim’s guidance, Ridgeway has flourished as a neighborhood favorite, renowned for its exceptional customer service, diverse product selection, and competitive pricing. “Our mission at InnHouse is to serve our communities with the highest level of dedication and to offer a unique shopping experience,” said Salim Karim. “Ridgeway has been a shining example of that commitment, and we are proud of the positive impact we’ve made in Maple Ridge.” The transition to the Springs Group, a respected operator of liquor stores in British Columbia, represents a promising new chapter for Ridgeway. “We believe the Springs Group is the ideal successor to continue the legacy of Ridgeway,” added Salim Karim. “We are confident in their ability to maintain the high standards of service and community engagement that Ridgeway is known for.” InnHouse Group Of Companies extends its sincere appreciation to the dedicated team at Ridgeway Beer Wine and Spirits for their unwavering commitment and hard work over the years. “Our team has been instrumental in our success, and we are deeply grateful for their contributions,” expressed Christine Lawton, Operations Manager. As InnHouse Group Of Companies bids farewell...
by arash arash | Nov 19, 2019 | InnHouse News
May 7, 2019 InnHouse Group of Companies acquires Golden Ears Liquor Store in Maple Ridge
by InnHouse | Jul 4, 2016 | InnHouse News
InnHouse Group of Companies (“InnHouse”) today announced that it has acquired the shares of Argus Carriers, Ltd (“Argus”). Founded in 1948, Argus is a Burnaby, BC-based transportation and logistics company providing delivery services throughout British Columbia and Washington State with satellite terminals in Kelowna, Nanaimo and Victoria. In addition to being an agent for large national carriers, Argus serves a diverse customer base carrying dry freight throughout the region. Argus offers expedited cartage within Metro Vancouver and the Fraser Valley, and daily LTL deliveries to Vancouver Island, BC Interior, and the Pacific Northwest United States. The business of Argus complements that of Abbotsford-based Inter-Urban Delivery Services, Ltd, acquired late 2013 by InnHouse. The combined companies now offer dry freight coverage across BC and into Washington State with nearly 100 power units and 75,000 sq. ft. of cross-dock and warehousing across 5 locations in BC. “Rod and Joanne Neufeld, second generation owners, have built an excellent company to be proud of,” noted Jamil Murji, now President and CEO of both...
