Bramalea (company)
Bramalea Limited, founded in 1957 as Bramalea Consolidated Developments Ltd., was a Canadian real estate developer best known for its development of the town of Bramalea (Canada's first satellite city) which would later become part of Brampton, Ontario. The company name Bramalea was formed by combining the names of local towns Brampton, Malton, and "lea", the Old English word for a meadow.
The company declared bankruptcy in 1995 [1] as a result of a heavy debt load during the early 1990s recession. At the time of its bankruptcy, it owned office properties across North America in such markets as Toronto, Dallas, and Oakland, in addition to shopping mall properties through its wholly owned subsidiary Trilea Centres which included Unicity Mall in Winnipeg, Yorkdale Shopping Centre in North York, and Scarborough Town Centre.
References
- ^ "Bramalea declared bankrupt by judge Petition made after board quits". The Globe & Mail. Toronto, Canada. 27 April 1995.
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