SMARTCENTRES is one of Canada’s largest real estate investment trusts with total assets in excess of $8.7 billion. It owns and manages 32 million square feet in value-oriented, principally Walmart anchored retail centres, having the strongest national and regional retailers as well as strong neighbourhood merchants. In addition, SmartCentres is a joint-venture partner in the Toronto and Montreal Premium Outlets with Simon Property Group.
The company is now expanding the breadth of its portfolio to include residential (condominium and rental), office, and self-storage, either on its large urban properties such as the Vaughan Metropolitan Centre or as an adjunct to its existing shopping centres.
SmartCentres’ core vision is to provide a value-oriented shopping experience in all forms to Canadian consumers and to create high quality mixed use developments in urban settings.
PENGUIN PROPERTIES INC. (PPI) is a private company owned by Mitchell Goldhar. PPI owns 78 properties across Canada at various stages of development, including Mr. Goldhar’s interest in the Vaughan Metropolitan Centre 100 acre master planned development. PPI has also developed an emerging network of Penguin Pick-Up locations offering free, convenient pick-up locations for online purchases, and Penguin Fresh, an on-line food marketplace. Penguin Pick-Up now has 50 locations.
