Third New Child Care Development Underscores Potential of Edleun's Burgeoning Development Program
June 01 2012 - 7:00AM
PR Newswire (Canada)
CALGARY, June 1, 2012 /CNW/ - Edleun Group, Inc. ("Edleun" or the
"Company"), the leading provider of quality early childhood
education and care in Canada, announced today that it has entered
into an agreement with Brookfield Residential, to acquire 2.1 acres
of land in the master-planned South Calgary community of Seton to
support the staged construction of new child care facilities. The
site is in close proximity to the new Calgary South Health Campus,
a full service hospital that will employ over 2,400 full-time staff
positions and 180 physicians upon the opening of Phase 1. The
Company intends to build one building in each of two phases of
construction with each 16,000 square foot building comprising 205
licensed child care spaces for children aged six weeks through 12
years of age. "Locating near a major employment hub in an emerging
area will provide substantial traffic for our state of the art
centres from the immediate and surrounding communities as parents
seek out a convenient, high quality child care option in close
proximity to where they work and live," said Leslie Wulf, Vice
Chairman Corporate Development of Edleun. "By splitting the
development into two phases to have two buildings on one site, we
can introduce capacity to meet demand from both newly-hired
hospital staff and the adjacent neighbourhoods of Auburn Bay,
Mahogany and Cranston, which will be comprised of more than 25,000
homes." Seton is a Brookfield Residential mixed use development
located on 148 hectares that will eventually see one million square
feet of retail, 1.5 million square feet of office space, 1,300
multi-family residential units, a hotel, a regional recreation
centre and public library, emergency services facility, a high
school, an assisted living complex and a nursing home which will
all be serviced by the future southeast LRT line," said Warren
Paulsen, Vice-President of Commercial for Brookfield Residential.
Upon full build out of the residential communities south of Highway
22x and around Seton, the population is expected to expand to over
100,000 people. The Seton Learning Centres will be custom-designed,
free standing child care facilities offering self-contained parking
and a large age-specific outdoor playground area. Each of the
centers will be licensed for 205 children and offer programs to
families for children ranging from six weeks to 12 years of age.
The Seton Learning Centres will offer an age-specific,
developmentally appropriate curriculum, fully trained staff that
participate in continuous learning and professional development,
and nutritionally certified food menus. This facility is designed
to provide large volumes of natural light into all classrooms and
common spaces creating a warm, secure and stimulating environment
conducive to care and learning for children. This modern and
efficient new facility will serve as a further template for
Edleun's planned development of other new child care centres of
varying sizes and configurations designed to suit individual
communities and a range of different land sites. "This new centre
in Seton, together with two new centres nearing completion in
Calgary, brings the number of new spaces we are developing for
Calgarians to almost 700, a welcome addition to a market that is
clearly undersupplied as evidenced by strong pre-enrollment
activity," said Dale Kearns, President of Edleun. "These centres
are not only purpose built, state of the art facilities, but are
also more efficient because of their superior locations and
economies of scale. We believe that many Canadian cities are
underserved by existing facilities, and intend to roll out
additional new projects in Alberta, Ontario, and British Columbia."
About Brookfield Residential Properties Inc. Brookfield Residential
Properties Inc. is a North American land developer and homebuilder,
active in ten principal markets with over 100,000 lots controlled.
They entitle and develop land and build homes for their own
communities, as well as sell lots to third-party builders.
Brookfield is listed on the New York Stock Exchange and the Toronto
Stock Exchange under the symbol BRP. For more information, please
visit www.brookfieldrp.com. About Edleun Group, Inc. Edleun
is the leading provider of high-quality, community-based Early
Learning & Care child care centres in Canada offering early
education and child care services to children ages six weeks to 13
years. Edleun is committed to preparing children for the next step
in their education and life, offering families and employers access
to and choice of quality early childhood education programs, as
well as enhanced opportunities and career advancement for Early
Childhood Educators. Publicly traded on the Toronto Stock Exchange
, the Company's objectives include the acquisition and subsequent
improvement of existing child care centres and developing new
state-of-the-art Early Learning and Care Centres in underserved
Canadian communities. The Company currently has a total of 47
centres in its portfolio including 42 centres in operation and five
in various stages of development or redevelopment representing,
4,990 licensed child care spaces. FORWARD-LOOKING STATEMENTS:
Certain statements in this Release which are not historical facts
may constitute forward-looking statements or forward-looking
information within the meaning of applicable securities laws
("forward-looking statements"). Any statements related to Edleun's
projected revenues, earnings, growth rates, revenue mix, staffing
and resources, and product plans are forward looking statements as
are any statements relating to future events, conditions or
circumstances. The use of terms such as "believes", "anticipated",
"expected", "projected", "targeting", "estimate", "intend" and
similar terms are intended to assist in identification of these
forward-looking statements. Readers are cautioned not to place
undue reliance upon any such forward-looking statements. Such
forward-looking statements are not promises or guarantees of future
performance and involve both known and unknown risks and
uncertainties that may cause the actual results, performance,
achievements or developments of Edleun to differ materially from
the results, performance, achievements or developments expressed or
implied by such forward-looking statements. Forward-looking
statements are based on management's current plans, estimates,
projections, beliefs and opinions. Except as required by law,
Edleun does not undertake any obligation to update forward-looking
statements should assumptions related to these plans, estimates,
projections, beliefs and opinions change. The Company undertakes no
obligation, except as required by law, to update publicly or
otherwise any forward-looking information, whether as a result of
new information, future events or otherwise, or the above list of
factors affecting this information. Many factors could cause the
actual results of Edleun to differ materially from the results,
performance, achievements or developments expressed or implied by
such forward-looking statements. Neither TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release. Edleun Group, Inc.
CONTACT: Dale Kearns, President, of Edleun Group, Inc. at (403)
705-0362,orNick Hurst of the Equicom Group, Inc. at (403) 218-2835.
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