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Leading real estate firm Elad Canada announces rebranding of Almadev, reflecting its decades-long expertise in community development and asset management

By on July 5, 2022 0

The rebrand launch includes a new name and brand identity as Almadev continues to strengthen its industry leadership.

TORONTO, July 5, 2022 /CNW/ – Real Estate Company Elad Canada has changed its name to Almadev, unveiling a new brand identity that includes a new logo, typology, iconography and color scheme. The rebranding reflects the evolution of the business over the past 20 years, resulting in deep expertise in community building and asset management.

Almadev logo (CNW Group/kg&a)

“Alma” – meaning “soul” in Spanish and “world” in Aramaic – speaks to the company’s forward-thinking approach to real estate, as well as the dynamism and quality it injects into every community in which she works.

“Over the past decades, our business has grown tremendously and we have developed exceptional expertise in asset management and the development of planned communities. It was time to create a new identity that reflects who we are today. “, said Raphael LazerCEO of Almadev. “We are excited to embark on this new chapter; Almadev perfectly encapsulates our unique real estate philosophy, and it represents our drive to continually improve and push ourselves in new directions.”

There will be no changes to Almadev’s corporate structure and personnel during this transition, as the company strives to continue building cutting-edge communities and maximizing the value of its properties. “Our leadership in the industry is a direct reflection of our strong talent and expertise at Almadev. We remain committed to delivering quality communities that thoughtfully integrate a diverse mix of uses including: residential, retail, rental affordable, commercial, community centers and green spaces.At the same time, we will continue to consolidate our position in North America through quality ownership of office and industrial properties through Agellan Commercial REIT. We have many exciting announcements planned for the next few years and we look forward to sharing more soon.” Lazer said.

Founded in 1997, Almadev has shaped significant landscapes across North America, with over 7.5 million square feet of construction in various stages of development and over 7.4 million square feet of income-generating properties. Best known for its visionary approach to community building, Almadev is currently developing Galleria on the Park, a planned community under construction that will transform a 1970s shopping center into a vibrant mixed-use community that includes a 95,000 square foot community. center and park of almost 8 hectares. Almadev also recently announced the closure of Emerald City, its 35-acre planned community in North York.

Last month, the company acquired a well-connected 11.6-acre site in Vaughan, adjacent to the Vaughan Metropolitan Center. Almadev is also preparing to launch Lansing Square, a 15-acre planned community located at Sheppard Ave. and Victoria Park. In Montreal, the 11.5-acre Cité Nature planned community, located adjacent to the Olympic Village, features a mix of rental residences and condominiums. Almadev will redevelop the adjacent site, adding a diversity of housing options to the area.

Through its subsidiary Agellan Commercial REIT, Almadev also owns 46 income-generating properties located in 11 markets in the United States and Canada. The properties include industrial and office space, totaling 6 million square feet.

To learn more about Almadev, please visit:

About Almadev

The New Elad is here. Almadev is a multi-billion dollar real estate development, investment and asset management company with planned communities and best-in-class mixed-use properties across Canada and United States. At Almadev, we have an impressive reputation for creating large-scale, multi-phase development projects. With Agellan Commercial, we have more seven million square feet of industrial, commercial and retail properties.

For more than two decades, Almadev has shaped and enriched communities through leadership and collaboration with a focus on creating value and maximizing returns from our income-generating properties. We are strategic thinkers who foster long-term relationships by taking the time to listen to our communities, collaborate with stakeholders, and engage like-minded experts to build places that make us urban landscape better.

At Almadev, we build planned communities and manage assets in all classes. We invest in a better future. We believe in our developments. We are here to foster a future you want to livework and grow.




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