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词条 Minto Group
释义

  1. History

  2. Business

  3. Notable Developments

      Neighborhoods    Buildings  

  4. References

  5. External links

{{Use Canadian English|date=January 2018}}{{Use dmy dates|date=January 2018}}{{Infobox company
| name = The Minto Group
| logo = Minto_Group_Logo.png
| image =
| image_caption =
| type = Private Company
| traded_as = {{TSX|MI.UN}}
| industry = Real estate
| founded = 1955
| founder =
| hq_location_city = Ottawa, Ontario
| hq_location_country = Canada
| key_people = Michael Waters (CEO)
Roger Greenberg (Executive Chairman)
| net_income =
| owner = The Greenberg Family
| num_employees = 1,200 (2017)
| website = https://www.minto.com/
}}

The Minto Group is a Canadian real estate company, based in Ottawa, Ontario. It builds homes in Ottawa, Toronto, Calgary, and Florida. It also manages multi-residential and commercial properties in Ontario and Alberta. It has built 85,000 new homes[1], and manages $2.9 billion in assets, including 13,000 multi-residential units and 2.7 million square feet of commercial space.[2][3] The firm is one of Ottawa's largest residential landlords.[4] Minto also has a publicly traded subsidiary holding some of its multi-residential units, called Minto Apartment Real Estate Investment Trust.

History

Minto was founded in 1955 by Gilbert, Irving, Lorry and Louis Greenberg, as a home builder.[5] It was originally called Mercury Homes, but renamed itself Minto Construction Company in 1957. Its first large development was Parkwood Hills in Nepean in partnership with Westmore Investements.[6] As part of that development, Minto built Canada's first high rise condominium, Horizon House on Meadowlands Drive.[1] The firm developed a number of other subdivisions in the Ottawa area in the 1960s and 1970s; in 1971, three quarters of construction in Nepean was by Minto.[6]

In the early 1980s, the firm expanded to Florida.[7]

In 1991, Roger Greenberg, son of Gilbert, became CEO, after the death of his uncle Irving.[7]

In 2012, Michael Waters, who is not part of the Greenberg family, became CEO.[7]

In May 2018, Minto announced it would hold an IPO for its Canadian multi-residential properties.[8] The properties became part of a new entity, Minto Apartment Real Estate Investment Trust, which Minto Group continues to have a significant ownership stake in. The trust would initially own 4279 rental suites, 72% of which would be in Ottawa, with the intention of eventually holding all of Minto's 13,000 multi-residential units. Minto Group held the IPO in part to provide money to Minto's owners, the Greenberg family. Minto raised $200 million in the IPO, which will take place on the Toronto Stock Exchange.[9] The IPO took place on June 29, 2018, with an initial price of $14.50 per share, and under the share symbol MI.UN.[10]

Business

The Minto Group is divided into three divisions:

  • Minto Properties manages multi-residential and commercial properties, some of which have been built by Minto. Minto Properties owns 57% of Minto Apartment Real Estate Investment Trust.[10]
  • Minto Communities Canada is a home builder in Ottawa, Toronto, and Calgary. It has built 60,000 homes over its history. It builds both low-rise and high-rise housing, and in recent years has been building more luxury rental projects.[11] In 2015, Minto was the largest home builder in Ottawa, with 913 homes built, and 24 percent of the market.[17]
  • Minto Communities USA is a Florida home builder. It has built 25,000 homes over its history.[12] It was ranked as the 56th largest home builder in the United States in 2016.[12]

The Greenberg family, who founded and still control the Minto Group,[7] were listed as the 74th richest people in Canada in 2017, according to Canadian Business.[5]

Minto has been involved in a number of controversial developments, including Minto Mahogany in Manotick,[13] the Minto Midtown in Davisville,[14] Potter’s Key in Stittsville,[15] and Minto West in Palm Beach.[16]

Minto has also been involved in a number of controversies in its role as a landlord. There have been complaints about the company's proposed rent increases.[17] Minto's 2017 decision to charge for visitor parking in its Ottawa buildings also angered some tenants.[18]

Notable Developments

Neighborhoods

  • Parkwood Hills in Nepean was built by Minto in the late 1950s and early 1960s.[19]
  • Crystal Beach in Nepean was built starting in 1961.[6]
  • Briargreen was built starting in 1966.[6]
  • Bayshore, Canada's first rental community, was built by Minto in the 1960s.[19]
  • Tanglewood was started in 1970.[6]
  • Chapel Hill in Orleans was largely built by Minto.[19]
  • Centrepointe in Nepean was largely built by Minto
  • Morgan's Grant in Kanata was largely built by Minto.[19]
  • Avalon in Orleans was partly built by Minto.

Buildings

  • The Minto Metropole is the second tallest building in Ottawa.[20] It was completed in 2004.
  • The Minto Midtown, a controversial[21][14] residential complex in the Davisville neighbourhood of Toronto, was completed in 2007.

References

1. ^1 {{Cite news|url=https://ottawacitizen.com/news/local-news/the-capital-builders-how-the-greenbergs-mix-business-philanthropy-and-sports|title=The Capital Builders: How the Greenbergs mix business, philanthropy and sports|last=Willing|first=Jon|date=2017-08-20|work=Ottawa Citizen|access-date=2018-01-05|archive-url=|archive-date=|dead-url=|language=en-US}}
2. ^{{Cite web|url=https://www.minto.com/about-minto/index.html|title=About The Minto Group - Our Organization and Capabilities {{!}} Minto|website=www.minto.com|access-date=2018-01-05}}
3. ^{{Cite news|url=https://markets.businessinsider.com/news/stocks/minto-capital-celebrates-topping-off-at-39-niagara-in-toronto-1027521486|title=Minto Capital Celebrates Topping Off at 39 Niagara in Toronto {{!}} Markets Insider|last=GmbH|first=finanzen.net|work=markets.businessinsider.com|access-date=2018-10-03}}
4. ^{{Cite web|url=http://www.obj.ca/article/minto-paid-9455m-craig-henry-community-records|title=Minto paid $94.55M for Craig Henry community: records {{!}} Ottawa Business Journal|website=www.obj.ca|language=en|access-date=2018-03-09}}
5. ^1 {{Cite news|url=http://www.canadianbusiness.com/lists-and-rankings/richest-people/rich-100-greenberg-family/|title=Canada’s Richest People: The Greenberg Family|date=2015-12-24|work=Canadian Business - Your Source For Business News|access-date=2018-01-05|language=en-US}}
6. ^1 2 3 4 {{Cite book|title=The City Beyond: A History of Nepean, Birthplace of Canada's Capital 1792-1990|last=Elliott|first=Bruce|publisher=the City of Nepean|year=1990|isbn=1-55036-258-5|location=|pages=277–279}}
7. ^1 2 3 {{Cite news|url=https://www.pressreader.com/canada/ottawa-citizen/20131009/281496454003775|title=Minto No Longer All in the Family|last=Bagnall|first=James|date=2013-10-09|work=The Ottawa Citizen|access-date=|archive-url=|archive-date=|dead-url=}}
8. ^{{Cite news|url=https://ottawacitizen.com/business/local-business/ottawa-real-estate-giant-minto-files-for-initial-public-offering-estimated-at-200-million-on-tsx|title=Ottawa real estate giant Minto files for initial public offering estimated at $200 million on TSX|date=2018-05-24|work=Ottawa Citizen|access-date=2018-05-28|language=en-US}}
9. ^{{Cite news|url=https://www.bloombergquint.com/onweb/2018/05/10/canada-s-minto-is-said-seek-156-million-in-real-estate-ipo#gs.GOj9TuE|title=Canada's Minto Is Said Seek $156 Million in Real Estate IPO|last=|first=|date=2018-05-10|work=Bloomberg Quint|access-date=2018-05-18|language=en}}
10. ^1 {{Cite web|url=http://www.obj.ca/article/minto-reit-shares-rise-9-first-day-public-trading|title=Minto REIT shares rise 9% in first day of public trading {{!}} Ottawa Business Journal|website=www.obj.ca|language=en|access-date=2018-07-12}}
11. ^{{Cite news|url=https://www.theglobeandmail.com/real-estate/toronto/builders-flock-to-high-end-rental-development/article33236295/|title=Builders flock to high-end rental development|last=Lorinc|first=John|date=2016-12-08|work=The Globe and Mail|access-date=2018-01-05|archive-url=|archive-date=|dead-url=}}
12. ^1 {{Cite web|url=http://www.builderonline.com/land/development/minto-announces-three-new-large-scale-communities_o|title=Minto announces three new large-scale communities|last=Goodman|first=Jennifer|date=2016-05-25|website=BuilderOnline.com|archive-url=|archive-date=|dead-url=|access-date=2018-01-05}}
13. ^{{Cite news|url=https://ottawa.ctvnews.ca/controversial-manotick-development-gains-provincial-approval-1.387922|title=Controversial Manotick development gains provincial approval|last=|first=|date=2009-04-10|work=CTV News Ottawa|access-date=2018-03-09|archive-url=|archive-date=|dead-url=|language=en-CA}}
14. ^1 {{Cite news|url=https://www.theglobeandmail.com/real-estate/residential-skyscraper-rising-in-shadow-of-controversy/article1046275/|title=Residential skyscraper rising in shadow of controversy|last=|first=|date=2003-10-03|work=The Globe and Mail|access-date=2018-03-09|archive-url=|archive-date=|dead-url=}}
15. ^{{Cite web|url=http://www.obj.ca/index.php/article/ottawa-committee-vote-controversial-stittsville-subdivision-plan|title=Ottawa committee to vote on controversial Stittsville subdivision plan {{!}} Ottawa Business Journal|website=www.obj.ca|language=en|access-date=2018-03-09}}
16. ^{{Cite news|url=http://www.mypalmbeachpost.com/news/local-govt--politics/palm-beach-county-board-endorses-minto-west-plan-vote/Zy3QElPRcTaimq1JsyvBsJ/?icmp=pbp_internallink_textlink_apr2013_pbpstubtomypbp_launch#ae7ef896.3807701.735473|title=Palm Beach County board endorses Minto West plan in 5-2 vote|last=|first=|date=2014-08-27|work=mypalmbeachpost|access-date=2018-03-09|archive-url=|archive-date=|dead-url=|language=en}}
17. ^{{Cite news|title=Minto tenants say rent hike 'not justified'|last=|first=|date=2002-01-30|work=The Ottawa Citizen|access-date=|archive-url=|archive-date=|dead-url=}}
18. ^{{Cite news|url=https://ottawacitizen.com/news/local-news/absolutely-ludicrous-minto-tenants-mad-visitors-will-have-to-pay-for-parking|title='Absolutely ludicrous': Minto tenants upset visitors will have to pay for parking|date=2017-09-30|work=Ottawa Citizen|access-date=2018-03-09|language=en-US}}
19. ^1 2 3 4 {{Cite news|url=https://ottawacitizen.com/life/homes/minto-communities-marks-60th-anniversary|title=Minto Communities marks 60th anniversary|last=Langston|first=Patrick|date=2015-06-05|work=Ottawa Citizen|access-date=2018-01-05|archive-url=|archive-date=|dead-url=|language=en-US}}
20. ^{{Cite web|url=http://www.emporis.com/en/wm/ci/bu/sk/li/?id=101000&bt=2&ht=2&sro=0|title=Ottawa - High-Rise Buildings (all)|publisher=Emporis.com|accessdate=26 August 2009}}
21. ^{{cite book|url=https://books.google.com/?id=CPm6am7-7voC&pg=PA1997&lpg=PA1997&dq=minto+election+toronto#v=onepage&q=minto%20midtown&f=false|title=Planning politics in Toronto : the Ontario Municipal Board and urban development|last1=Moore|first1=Aaron A.|date=2013|publisher=University of Toronto Press|isbn=978-1-4426-4423-6|location=Toronto|page=1999–|accessdate=18 May 2017}}

External links

  • [https://www.minto.com/ottawa/new-homes-condos/projects/Minto-Through-the-Years~1066.html Minto Timeline]

6 : Companies based in Ottawa|Real estate companies of Canada|Home builders|Construction and civil engineering companies established in 1955|1955 establishments in Ontario|Real estate companies established in 1955
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