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

<< Previous

Bullboard Posts

Next >>

Post by undervalueon Aug 23, 2022 12:28pm

121 Views

Post# 34914539

New buy

The company web site confirms that they bought 323 West 6th Avenue at the end of July. Price 18 million.
The company now owns the entire block going west to Yukon St.
The current density is 3 times coverage. There have been several exemptions in Mount Pleasant for larger assemblies allowing twice that.
This move sets up a possible redevelopment application.
This is the most sought after area in Vancouver for tech and bio companies.
Another smart move.

<< Previous

Bullboard Posts

Next >>

A junior copper-gold stock trading at a bargain of monumental proportions