The Company pursues selective development and redevelopment activities including land intensification projects in order to achieve a better return on its portfolio over the long term. The redevelopment activities are focused primarily on the older, well-located centers that the Company owns and actively seeks to acquire. These properties are redeveloped and expanded, over time, in conjunction with anchor tenant repositioning and changing retail environments. Redevelopment of existing properties generally carries a lower market risk due to the urban locations, existing tenant base and the intensification opportunities.
The Company is fully internalized with development management, leasing, property management, lease administration and legal, construction management and tenant co-ordination functions, are directly managed and executed by experienced professionals across Ontario.
Magma has developed many years of experience in development across Ontario in the following cities:
Our experience ranges from a single family unit to Apartment units and commercial warehouses, retail.