Press Release – For Immediate Broadcast
Montréal, March 23, 2018 – Four Canadian real estate companies today announced that they are consolidating their operations under the name of DELMA Group Inc. (“Delma Group “). The new company was born from the merger of Delma Resorts & Hotels, Delma Properties Canada LP, SEC Bromont 1 and Aydon Income Properties Inc. With the completion of the merger on January 19, 2018, the DELMA Group is listed on the Canadian Securities Exchange (CSE) under the symbol DLMA.
The DELMA Group is a Montreal-based, diversified multinational real estate company specializing in the development, acquisition and management of multi-purpose properties, including office, retail space, industrial, multi-residential and hospitality assets in Canada, USA and Europe. Offering fully integrated services, both vertically and horizontally, DELMA Group is a true one-stop real estate shop in Canada.
The new company is headed by Mr. François Castonguay, who until recently was the CEO and President of Uniprix, a leading pharmaceutical and retail company in Canada. During his 20 years with Uniprix, Mr. Castonguay was instrumental in leading the company into becoming a regional retail powerhouse comprising of independent pharmacist owners in Quebec, and becoming second in terms of sales in Quebec. Mr. Castonguay has also distinguished himself with his significant social and community involvement. He has served as a director of the Institut universitaire en santé mentale de Montréal, the Cystic Fibrosis Association and the Charles-Bruneau Foundation.
“I am proud to join DELMA Group and act as president of a company destined to become a distinctive player in the real estate market because of the diversity of its assets and the quality of its executive team”, says Mr. Castonguay. “I am confident that we will be able to position this company amongst Canada’s leading real estate players, through its unique platform and its Canadian, American and global operations. I intend to put all my experience and my energies to help DELMA Group become a renowned leader in the Canadian and international real estate market.”