Madison Pacific Properties Inc T.MPC

Alternate Symbol(s): T.MPC.C | 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 > Burnaby comparable.

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Comment by Malpeque2on Nov 30, 2021 9:20am

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Post# 34179374

RE:Burnaby comparable.

Content Production for all the eyeballs in the world is a great business. If you produce good stuff it's almost an ageless royalty. Think Disney.

Vancouver has got to be a cheaper place in the world to develop content compared to Hollywood.

Salaries, actor costs, ............god forbid even the land is cheaper than Hollywood. My guess is that there is not even 17 acres left undeveloped in Hollywood.

So the deal does make sense.

I still say you got screwed on the King George Financial land transaction and the condo tower. And.......the cash has been removed to Asia "investments".

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