Econo-Malls was founded by Murray Wiseman in 1976, with the construction of his first shopping mall in Bay Roberts, NL. With the additions of his sons, Robert and Howard, the Company has become a leader in commercial real estate acquisition, development, and management across Eastern Canada.
Our Company meticulously seeks to acquire high-quality and well-located assets across Canada, with a focus in Québec, Ontario, New Brunswick, Nova Scotia and Newfoundland & Labrador. Subsequently, our team maximizes property value by instituting best-in-class management. Post-acquisition, we continue to invest in our properties to both enhance their operating potential and ensure the greatest possible return on capital is provided to our investors when the asset is ultimately disposed of.
Our network of resources has allowed us to develop and re-develop shopping centres and plazas into innovative and inspiring projects. We partner with experienced professionals that work closely with our development team to carry out projects that bring prosperity to both communities and to our investors. Our projects aim to meet the highest standards of quality, performance, and sustainable development.
Mr. Wiseman emphasized the important of honesty, integrity, and entrepreneurship. These fundamental values are at the foundation of the relationships that have been built at Econo-Malls. The relationships with our partners – investors, retailers, vendors, co-owners and professionals – are based on trust and confidence. Our day-to-day management strategy allows us to reach higher levels of performance and quality. Our teams work hard to improve the working conditions of our Tenants, minimize our environmental impact, and optimize our Limited Partners’ investments.