The ideas and principles of Magma Developments came from the simple understanding that seeing potential were other have missed gave Magma the upper hand and it is what has made Magma Developments’ Portfolio unparalleled in it success and value.
The principal of Magma Developments have specialized in real estate development, redevelopment and remediation throughout Ontario and Canada during both good and lean cycles in the market. Magma Developments consists of a group of dedicated individuals specializing in the relevant disciplines development. In every project we do, we work as a professional team utilizing the techniques and time-honored methods that have built our legacy of success.
Our track record in past and present years is a testament to Magma Developments ability to manage and deliver any project on time and on budget. Our ongoing strategic relationship with anchor tenants is a statement to the success of the finished project both for its stable tenant mix and its solid cash-flow. we are with them for the long haul.
As long standing developer, Mohammed Eslami, the Chief Executive Officer of Magma Developments , have acquired first hand experience and indispensable skills to create and oversee medium to large scale residential, commercial and mixed-use developments. Our Positive cash flow has help in the capital funding for some of the largest acquisitions and developments in Ontario
Our mantra is “Finding Prospects, Seeing Potential.” Our strategy is to locate redevelopment opportunities in urban settings suitable for creative re-positioning. Exploiting our established understanding of real estate development, we find that our projects possess a unique “flavor” regardless of whether it’s a strip centre that has seen better days, a greenfield site ready for development, or a new mixed use project aligning retail on the lower level of a residential development.
Magma has and always will balance acquisition and development for our own account by taking on select fee-based assignments on a strategic basis for partners/clients who require assistance with specific projects. Unlike traditional consulting firms, Magma Developments’ experience investing our own capital produces more cost-effective results for our clients.
It is our Heritage out Strength and Our performance that has made Magma Developments what it is today a success.
Magma’s Executive team seeks to acquire well-located neighbourhood and community shopping centres in the Company’s target markets focussing on our model for quality, sustainability and growth potential of rental income. These properties are acquired where they complement or add value to the existing portfolio or provide opportunity for redevelopment or repositioning. Once the Company has acquired a property in a specific retail trade area it will look to acquire adjacent or nearby properties. These additional adjacent properties allow the Company to provide maximum flexibility to its tenant base to meet their changing formats and size requirements over the long term. Adjacent properties also allow the Company to expand or intensify its existing property, providing a better retail offering for consumers. Management believes that its adjacent site acquisitions result in a better long-term return on investment with a lower level of risk.
Through acquisitions, the Company expands its presence in its target markets , and continues to generate greater economies of scale and leasing and operating synergies. Management will continue to look for strategic or portfolio acquisitions, in both existing markets and markets where the Company does not yet have a presence.
