Currie Barracks II

Investment Status

  • Investment timeline: Started March 2020, anticipated completion summer 2022
  • Closed to investment – $1,685,000 raised
  • CCH Real Estate Mutual Fund Trust does not hold this as an investment

Interested in Investing?

Read through our details or discover our lot maps using the link below:

Community Overview

The new community at the 200 acre (80.9 hectare) site is based on the principles of smart growth and sustainable community design. The vision for Currie will build on the successful designs at Garrison Woods and Garrison Green to create an even denser community with a richer mix of land uses, housing types, and servicing innovations to achieve a more complete and integrated neighbourhood. Currie was designed to set a new standard in sustainable development. This includes traffic-calmed streets and pedestrian networks that bring most residents within a five minute walk of shops, parks, and public transportation and within 10 minutes of downtown Calgary.

Canada Lands Company has entered into a joint venture agreement with the highly respected Embassy Bosa Inc. for the development of 23 acres of mixed-use retail and multi-family residential development in the heart of the community.

As part of its commitment to memorializing the historical legacy of its sites, Canada Lands Company held a special ceremony in 2010 to formally dedicate two special commemorative parks: Valour Park and Victoria Cross Park. These linear parks pay tribute to Canada’s military and to those who served their country during the Second World War. Community engagement is ongoing regarding public art and greenspace initiatives as the community continues to evolve.

At full development, Currie is expected to include approximately 5,700 housing units of various types, 250,000 square feet (23,226 square metres) of retail space, roughly 615,000 square feet (57,135 square metres) of office space and 23 acres (9.3 hectares) of parks and open, accessible public areas.

Investment Opportunity

  • CCH Currie II LP signed a land agreement for the purchase of 16 serviced lots in the community of Currie. 
  • The lots front onto a park and are located close to Masters Academy and are only a 7 minute drive from downtown Calgary.
  • The community is based on ‘smart growth’ and ‘sustainable design’. All of the existing trees on the lots must be preserved and the adjacent parks etc. will be preserved. The lots will have access to the new urban services that are planned.
  • Currie has very tight architectural controls and restrictions as imposed by the developer (Canada Lands). As a result the community has a very consistent modern, urban and contemporary look.

Investment Details


Class A Limited Partnership units in CCH Currie II LP (the “Partnership”).


The Partnership purchased 16 single family lots in the last single-family phase of Currie in southwest Calgary. The single-family dwellings were sold and built by the Partnership.

Offering Price

Closed to investment. $0.50 per unit, minimum 50,000 units, 3,370,000 units were sold


To fund land deposits, a showhome, a spec home and initial working capital for the Partnership.

Preferred Return

Class A unitholders will be entitled to an 8% simple annual preferred return.

Partnership Interest

Class A unitholders will also be entitled to a 20% share of the Partnership’s net income.

Payment Terms

The subscription price is payable at the time of closing by cheque or such other manner as maybe accepted at closing.


Based on unit sales within the Project.

Management Fee

Crystal Creek Homes Inc. was hired as the Project Manager and will be paid a fee equal to 4% of the selling price of each home.

Risk Factors

There is no secondary market for the investment and none is expected to develop. The Partnership will have limited liquidity; consequently, it would not suit investors who require immediate access to their investment. The Partnership’s business should be considered highly speculative due to the risks associated with the rapidly changing economic and market conditions. The Partnership will be investing in real property and these properties will always have value; however, given the nature of the real estate market it may not be possible to sell them as anticipated. Consequently, there is a risk that an investment in the Partnership may be lost entirely or in part.


Certain statements in this presentation contain forward-looking statements about the objectives of the Partnership and management’s expectations, beliefs, intentions or strategies for the future. Future events are subject to certain risks, uncertainties and assumptions that may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks, uncertainties and assumptions include, but are not limited to: general economic conditions; actions by government authorities; actions by regulatory authorities; availability of raw materials and trades; changes in raw materials prices; foreign exchange rates; interest rates; competitor activity; industry pricing pressures; seasonality of the construction industry; and weather.

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