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Bullboard - Stock Discussion Forum 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... see more

TSX:MPC - Post Discussion

Madison Pacific Properties Inc > Adanac and Clark redevelopment.
View:
Post by undervalue on May 14, 2021 5:20pm

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
Comment by undervalue on Aug 01, 2021 12:53pm
Marketing story in Renx. The industrial space is being marketed at 675 to 775 a foot. The top office floors are sold. Recent trades in the area are at 750 a foot.
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