Madison Pacific Properties Inc. (TSX: MPC and MPC.C) announces joint venture to redevelop commercial property
07 Février 2018 - 12:00AM
Madison Pacific Properties Inc. (TSX:MPC) (TSX:MPC.C) (the
Company) reports that it has entered into a 50/50 joint venture
with a residential developer to rezone and redevelop to residential
and commercial use, a 4.5 acre commercial property the Company
currently owns in Coquitlam, British Columbia. Rezoning and
development of the property is subject to receipt of all necessary
approvals, none of which are certain at this time.
About the Company: Madison
Pacific Properties Inc. is a Vancouver-based real estate company
with approximately $501 million in investment properties,
comprising 1.8 million rentable sq. ft. of industrial and
commercial space, of which, approximately 99% of the available
space is leased.
Contact: |
Mr.
Marvin Haasen |
|
Mr. Dino
Di Marco |
|
President
& CEO |
|
Investor
Information |
Telephone: |
(604)
732-6540 |
|
(604)
732-6540 |
Fax: |
(604)
732-6550 |
|
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|
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Address: |
389 West
6th Avenue |
|
|
|
Vancouver, B.C. |
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V5Y
1L1 |
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Madison Pacific Properties (TSX:MPC)
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