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Madison Pacific Properties Inc T.MPC.C


Primary Symbol: T.MPC Alternate Symbol(s):  MDPCF

Madison Pacific Properties Inc. is a Canada-based real estate company, which owns, develops, and operates office, industrial, commercial, and multi-family rental properties located in British Columbia, Alberta, and Ontario. The Company also has investments in joint ventures that develop residential properties. The Company’s investment portfolio comprises around 54 properties with approximately 1.9 million rentable square feet (sq. ft) of industrial and commercial space and a 50% interest in two- multi-family rental properties with a total of 94 units. It offers a range of property management services for its portfolio of investment properties, which include tenant services and relationships, building operations, lease administration, property accounting and reporting and project management services. Its development properties include a 50% interest in the Silverdale Hills Limited Partnership which owns approximately 1,400 acres of development lands in Mission, British Columbia.


TSX:MPC - Post by User

Madison Pacific Properties Inc > Adanac and Clark redevelopment.
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Post by undervalueon May 14, 2021 5:20pm
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Post# 33208378

Adanac and Clark redevelopment.

Adanac and Clark redevelopment.Madison owns 32,500 sq feet of land essentially adjacent to this new development. It is in a jv with Grant Street, which Madison also owns 30%.
If they get 3 times coverage, it is 100,000 feet net at $200 per buildable. A nice bump in value.



New office space coming to Adanac and Clark Drive
Ho



me » Office and industrial » New office space coming to Adanac and Clark Drive

New office space coming to Adanac and Clark Drive

 

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A new, five-storey office and light industrial building planned for the corner of Adanac and Clark Drive in East Vancouver will add 55,000 square feet to the marketplace.

Union Allied Corporation is developing the new strata building, which features a modern, industrial design. Owners will enjoy a 5,000 square feet patio area, as well as two-levels of underground parking, bicycle parking and end-of-trip facilities.


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