Madison Makes Push to Diversify
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Madison Pacific Properties Inc (TSX:MPC) has made a $13.4M equity investment for a 61% interest in a portfolio of 12 industrial properties in B.C., Alberta, Ontario and Quebec. Four of those properties are in B.C. The portfolio includes 538K SF of building space leased to a single tenant, Taiga Building Products, an industry leader in building products distribution. "Most of our assets are in the Lower Mainland," company president and CEO Marvin Haasen says. "We wanted to diversify geographically, so that's part of the push here. This was a good opportunity for us."
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