FOUNDER & PRINCIPAL
Andre Molnar, President of the Molnar Group of Companies, is a leader in the real estate industry in British Columbia, Canada. During a career that has spanned more than 45 years, Mr. Molnar has developed extensive expertise in residential real estate construction and management. He has completed and sold apartment and townhouse condominium projects comprising more than 5,000 units as well as approximately 200 single-family homes. In addition, he has been the recipient of numerous industry awards and special citations.
Mr. Molnar has held a variety of positions in industry and community organizations, including former President of the Canadian Home Builder’s Association of British Columbia, former Chairman of New Home Warranty, former Director of the Urban Development Institute, and former Chairman of Canadian Red Cross Finance Committee. Hungarian-born, Andre Molnar spent his early life in Europe, completing a business management program in Switzerland before moving to Canada in 1966 and settling in Vancouver. He has been the Honorary Consul General of Hungary for the Province of British Columbia since 1990. In 2015 he has received the highest award - the Knight of Cross from the Order of Merit - from Hungary for his 25 years of service excellence, as Consul General.
In the 1970’s, Andre Molnar specialized in building low-rise, wood-frame buildings in Vancouver, including the national award-winning West Park project. It was during this period that Mr. Molnar first gained recognition in Vancouver for projects encompassing unique designs, urban comfort, special detailing and quality finishes, while at the same time maintaining affordability and broad market appeal.
Beginning in 1980, Mr. Molnar began to assemble and manage investment properties including a portfolio of prominent properties in Montreal, Canada, including the Carrefour – Dorchester Hotel in downtown Montreal. He also began to diversify his building projects in the outlying areas of Vancouver, specifically the rapidly growing urban regions of Coquitlam, Surrey and New Westminster. He built several large high-rise projects such as Lakeside Terrace, Excelsior, Murano, The Frontenac and a 650-unit River Heights Masterplan subdivision. At the same time, he established a successful record in the single family housing industry.
Mr. Molnar has many years of experience building and managing shopping centres. In 1981, The Molnar Group built North Langley shopping centre and shortly after this pioneering construction, it developed an interest in shopping centre investments. Over the years, it successfully bought, managed and sold a number of shopping centres the likes of Fleetwood Town Centre in Fleetwood, Surrey, a large mall in Cherry Point, Surrey, Kingsway Centre at 1234 Kingsway, Vancouver, Oliver Place Mall in Oliver, B.C. and the Port Alberni Zellers centre in Port Alberni on Vancouver Island, B.C. (which The Molnar Group still owns today). Recent acquisitions on Vancouver Island include a retail investment portfolio located at Parksville Plaza in the downtown core of Parksville, and Tyee Plaza in Campbell River, B.C.; also Whitecourt Valley Centre in Whitecourt, Alberta and Westgate Mall in Saskatoon, Sasketchewan.
Over the last decade, Andre Molnar has continued to expand his development business and also began to re-focus on the acquisition and management of commercial and residential investment properties. In addition to completing a series of large-scale projects in New Westminster, Coquitlam and Tsawwassen, The Molnar Group also acquired and built properties in the United States, such as Barkley Trails and Barkley Park in Bellingham, Washington State. It completed constructing a prestigious condominium project entitled “Harris Square” in Fairhaven, Washington State, costing $26 million and McKenzie Square in Fairhaven, Bellingham and a 103 – unit apartment complex in Lacey, Washington State. It acquired the prestigious Hotel Bellwether and Bayview Center located in the Bellingham waterfront in 2007. Mr. Molnar continues to actively invest in commercial and residential properties in Washington State as well as in British Columbia and Alberta. Presently, The Molnar Group is also developing several hundred rental units on Vancouver Island and in the city of Vancouver.