38:
164:, which was still controlled by Stronach. In 2012, MI Developments changed its name to Granite Real Estate, reconstituted its board and senior management, moved its headquarters from Aurora to Toronto, Ontario and announced its conversion from a corporate structure to a stapled unit real estate investment trust effective January 2013.
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Canada, the United States and Europe comprising approximately 33 million square feet of leasable area with a reported value of approximately CAD $ 3.2 billion. In terms of revenue, 26% of rental revenue is from Canada, 31% is from the United States, 27% is from
Austria, and 15% is from the rest of Europe.
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In 2017, certain dissident shareholders launched a proxy battle and proposed the addition of three new directors on the company's board. The shareholders were concerned about the company's cash reserve, which they perceived as excessive. The dissidents were successful in their campaign and
Granite’s
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Granite was originally a part of Magna
International and was spun-off as a public company known as MI Developments in 2003. MI Developments was indirectly controlled by Frank Stronach, founder of Magna, through a multiple voting share structure. In 2009, Magna Entertainment Corporation, which was
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Granite’s tenants include Magna
International Inc. (and its operating subsidiaries) as its principal tenant (responsible for approximately 28% of revenue) as well as tenants from various other industries. As at September 30, 2018, Granite owned approximately 85 investment properties located in
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majority owned by MI Developments, went bankrupt. In the preceding years, MI Developments had provided significant debt financing to MEC, often against the wishes of many of its shareholders, who alleged that the transfers benefited Frank
Stronach at the expense of MI Developments.
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board was reconstituted following the annual general meeting in June 2017. In
September 2017, Mike Forsayeth, Granite’s then CEO, announced that he would retire in the ensuing 12 months. In August 2018, Kevan Gorrie was appointed as President and Chief Executive Officer.
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engaged in the acquisition, development, ownership and management of industrial, warehouse and logistics properties in North
America and Europe. It was originally composed principally of former holdings of
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In 2011, Frank
Stronach gave up control of MI Developments. In return, the company transferred the gaming assets of the former Magna Entertainment Group to
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Kelly
Marshall, Chairman of the Board, Kevan Gorrie, President and Chief Executive Officer
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440:"Granite Announces 2018 Third Quarter Results and Increases its Monthly Distribution"
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348:"How the dissidents got their way at Granite REIT after a bruising proxy battle"
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377:"Granite CEO, Michael Forsayeth, to Retire September 30, 2019"
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259:"Magna's rags-to-riches Stronach set to go electric"
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319:"Sandpiper – Vancouver's triumphant proxy warrior"
195:"MI Developments seeks more distance from Magna"
605:Companies listed on the New York Stock Exchange
409:"Granite Announces 2018 Second Quarter Results"
600:Companies listed on the Toronto Stock Exchange
227:"Stronach sells $ 124-million of Magna shares"
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288:"Granite REIT – Annual Information Form"
615:Real estate investment trusts of Canada
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389:from the original on October 28, 2021
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133:Granite Real Estate Investment Trust
31:Granite Real Estate Investment Trust
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610:Real estate companies of Canada
421:from the original on 2018-08-12
358:from the original on 2018-02-09
329:from the original on 2018-02-09
300:from the original on 2021-10-28
269:from the original on 2018-02-09
237:from the original on 2022-08-05
205:from the original on 2018-05-05
18:Magna Entertainment Corporation
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498:CTS Fahrzeug-Dachsysteme
525:Eurostar Automobilwerk
139:) is a Canadian-based
323:Business in Vancouver
137:MI Developments Inc.
574:Granite Real Estate
484:Magna International
146:Magna International
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231:The Globe and Mail
199:The Globe and Mail
162:The Stronach Group
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27:Canada-based REIT
16:(Redirected from
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553:Belinda Stronach
513:New Venture Gear
503:Magna Powertrain
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393:February 13,
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122:.granitereit
87:Headquarters
45:Company type
530:KSU Gazal-1
520:Magna Steyr
82:Real estate
594:Categories
425:2019-02-13
362:2018-02-08
333:2018-02-08
304:2019-02-13
273:2018-02-08
241:2018-02-08
209:2018-02-08
181:References
172:Properties
135:(formerly
106:Key people
55:Traded as
416:Archived
384:Archived
356:Archived
327:Archived
295:Archived
267:Archived
235:Archived
203:Archived
79:Industry
567:Related
263:Reuters
152:History
115:Website
71::
63::
546:People
508:Getrag
98:Canada
73:GRT.UN
48:Public
443:(PDF)
419:(PDF)
412:(PDF)
387:(PDF)
380:(PDF)
298:(PDF)
291:(PDF)
65:GRP.U
395:2019
141:REIT
124:.com
61:NYSE
120:www
69:TSX
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