Breeden Property has signed an agreement to invest $1.5 billion in a brand new water park to be built in the Canadian city of Waterford.
The $1 billion investment is part of the company’s plan to build a new waterpark in Waterford, which is situated near Toronto’s Pearson airport, which will feature “the most gorgeous water park” in the country, Breeden CEO Tim D’Aloisio told CBC News in an interview.
The $1-billion investment is the latest addition to Breeden Capital’s portfolio of investments, including a $3-billion waterpark project in Melbourne, Australia.
Breeden also owns and operates The Lipe Resort and Spa in Dubai.
“We are thrilled to have our new home in Waterfall, and will be bringing more of our brand of beauty and entertainment to the world of Waterfall,” D’Aoisio said in a statement.
D’Asio said Breeden would be the only Canadian company in Waterforny, where the city’s population is 1,000 people, and would be “the largest waterpark operator in the province.”
Breeden plans to build two water parks in Waterfalls, which are expected to open in 2021.
Breeders investment in Waterfield, Ont., will give the company access to a market of about 200,000 homes in Watertown, which has a population of about 6,000.
The investment will come with a number of perks, including the option to take a trip to Waterfall and the “most beautiful” water park experience in Canada.
Breerds investment in Toronto will allow it to tap into a more sophisticated marketplace.
“In Toronto, it’s a big market, and we’re going to have a lot of opportunities in the coming years,” Dang said.
“Our waterpark will be the first of its kind in the city of Toronto.
We want to be the place where the next generation of young Canadians are going to be immersed in water.”