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In 1997, the mall was owned by Pensionfund Realty Limited, [19] a privately held real estate company owned by a number of Canada's largest institutional investors. [20] As of February 2000, OMERS had owned Shoppers World for roughly five years. It swapped Shoppers World for a 2.5% equity stake in RioCan Real Estate Investment Trust.
In 1997, shareholder Gentra Inc. bought the rest of TD's stake in the mall. In 2002, the Bramalea City Centre was acquired by its current joint owners, Canadian real estate firm Morguard Corporation and a third party institutional investor. [citation needed] In 2004, the mall underwent a $165-million reconstruction to improve all common areas.
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It was Canada's first satellite community developed by one of the country's largest real estate developers, Bramalea Limited. [27] The name "Bramalea" was created by the farmer William Sheard, who combined "BRAM" from Brampton, "MAL" from Malton (then a neighbouring town which is now part of the city of Mississauga ), and "LEA", an Old English ...
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Following is an outline is for the history of Brampton, the fourth largest city in Ontario, Canada. European settlers arrived began to settle the area in the early 19th century, with Brampton being formally incorporated into a village in 1853.
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