CentreCourt, one of the Greater Toronto Area’s leading high-rise residential developers, announced it has appointed a new president.
Starting January 1, 2022, Gavin Cheung will succeed current president Shamez Virani, who has been CentreCourt's president since 2015.
Cheung joined CentreCourt in 2016, and since then, he has held progressively challenging and elevated positions within the company.
Throughout his time with the company, he has led numerous high-rise development projects to industry-leading outcomes including ZEN King West, Transit City, The Forest Hill, and 55 Mercer.
During his tenure at CentreCourt, Cheung has had the opportunity to take on key leadership roles across numerous operational areas of the company including sales, finance, development, and construction.
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When described by his colleagues, the developer says Cheung has earned the company's deepest trust, respect, and admiration and is the natural leader for the next chapter of CentreCourt's growth and success.
"We could not be more excited to have Gavin as a partner and work closely with him as he leads CentreCourt to even greater heights in the years ahead."
-CentreCourt
With a dual JD/MBA from the University of Toronto and a Bachelor of Arts from Duke University under his belt, prior to joining CentreCourt, Cheung worked in Toronto in private equity and investment banking at a major Canadian bank, where he was involved in underwriting, financing, and advising public and private real estate entities.
After Cheung transitions into his new role as president, Virani will remain as a director and shareholder in the company, an investor in all CentreCourt projects, and an active member of the Investment Committee.
"Shamez has been instrumental to the growth and success of CentreCourt over the last 10 years and has played a key role in the planning of our upcoming leadership transition," reads a statement from the developer.
Shamez Virani, CentreCourt President
"Following a successful leadership transition over the remainder of this year, Shamez will pursue new business opportunities beyond residential real estate and will continue to work closely with Andrew Hoffman, Founder and CEO, and Stephen Belgue, Executive Vice President, in these pursuits."
Hoffman and Belgue will remain in their current leadership roles at CentreCourt during and following the leadership transition.
