Our portfolio consists of 135 properties, including 12 retail - enclosed shopping centres, 57 retail - plazas, 53 retail - freestanding stores, 8 mixed - use properties and 5 office buildings. We are strategically located throughout Atlantic Canada, Quebec, Ontario, Saskatchewan and Alberta.
ECL Developments Limited (“ECLD”) and Sobeys Development Limited Partnership (“SDLP”) are indirectly owned subsidiaries of Empire Company Limited (“Empire”), with a principal role of developing commercial real estate. The relationship between ECLD/SDLP and Crombie is governed by a development agreement which provides Crombie with a preferential right to acquire retail properties developed by ECLD/SDLP, subject to approval by the independent trustees. The history of the relationship between Crombie and ECLD, SDLP and Empire continues to provide promising opportunities for growth through future development opportunities on both new and existing sites in Crombie’s portfolio.
Through its relationships with SDLP and Empire, Crombie is provided a preferential right to acquire properties developed by these entities. There is currently approximately $300-$500 million in various stages of development which is anticipated to be made available to Crombie over the next four years. The properties are primarily retail plazas with approximately 70% of the GLA located outside of Atlantic Canada.