Development Pipeline

Development Pipeline

The Company’s approach in development has mirrored its overall investment approach. This means engaging in developments in regions and business sectors where the greatest results can be achieved using the standards of a prudent investor including the quality of the projects and the expected return, either long-term cash flows from investment properties or one-time cash flow on completion. Where opportunities exist, the Company will act. For example, reductions in capitalization rates in prior years in the Province of Alberta created opportunities to acquire development properties and land assemblies which the Company is well-positioned to realize on presently and into future years. In Montreal, Quebec, and Charlottetown, Prince Edward Island, attractive and overlooked opportunities existed to redevelop landmark and major anchor properties requiring required modernization and expansion. Such projects require vision for future market demands and identification of potential re-development opportunities. Most typically with development projects, the Company will partner with development and construction entities during the development phase.