Madison Pacific Properties Inc T.MPC

Alternate Symbol(s): MDPCF | T.MPC.C

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.

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Madison Pacific Properties Inc > Undervalue...........A few Questions.

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Comment by undervalueon Jul 15, 2022 6:17pm

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RE:Undervalue...........A few Questions.

Partner is Polygon. One of the largest builders in Vancouver. Over 30,000 homes sold. Revenues of over a billion a year. Founder is donating 100 million to the Vancouver Art Gallery.
Lots of money, and very smart. They are also partners in the Port Coquitlam density project.
They are paying over a million an acre because that is the now current market price. I assume they are fill in pieces so they can move quickly.
The story on the official plan was posted in the local paper today. https://www.missioncityrecord.com/news/missions-master-plan-adopted-on-long-awaited-silverdale-development

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