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Melcor Development Ltd (MODVF)

Melcor Development Ltd (MODVF)
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Melcor Developments was incorporated on June 1, 1923. The Company is a real estate development company, engaged in community development, property development, investment property and recreational property divisions. The Company develops, manage and own mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. Community Development division is responsible for purchasing and developing land to be sold as residential, industrial and commercial lots. Property Development division develops high-quality retail, office and industrial revenue-producing properties on serviced commercial sites developed primarily from its community development division. Investment Properties division owns 8 leasable commercial and retail buildings. REIT division owns 29 leasable commercial and retail buildings. Recreation Properties division owns and manages three 18-hole golf course operations.
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