Quote:
Originally Posted by jonny24
Yeah we go to the Reptile Store that's in there, it does look really nice, it's too bad it doesn't look the investment is particularly paying off.
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Malleum seems to be doing three things:
1) Buying up property along the LRT corridor which will command great rents
2) Building their own success by fixing up commercial stores along a corridor waiting for the moment they switch to a more successful space and more residential development occurs.
3) Creating a monopoly of commercial units, and somewhat residential units. There are a few companies from Toronto doing this in the Hamilton real estate scene. Buying up so much property they have a somewhat monopoly on units. My old landlord was doing this, buying up so many rentals that their company can dictate prices to a degree and print their own success.