Welcome to MID
MI Developments Inc. (MID) is a global real estate operating company engaged principally in the acquisition, development, construction, leasing, management and ownership of a predominantly industrial rental portfolio of properties in North America and Europe leased primarily to Magna and its automotive operating units. MID is a full service real estate company with an international portfolio currently comprised of over 100 properties.
Magna International Inc.
MI Developments Inc. (MID) is the successor to the real estate business of Magna International Inc. (Magna), the most diversified automotive components supplier in the world. (www.magna.com)
Magna designs, develops and manufactures automotive systems, assemblies, modules and components, and engineers and assembles complete vehicles, primarily for sale to original equipment manufacturers of cars and light trucks in North America, Europe and rest of Rest of World (primarily Asia, South America and Africa).
Magna is a public company, with its Common Shares listed for trading on the New York Stock Exchange (MGA) and the Toronto Stock Exchange (MG).
MID began trading as a separate public company in August 2003 following our spin-off from Magna. Members of the Magna group of companies are our primary tenants, providing the majority of the annual real estate revenue generated by our income-producing properties.
Our foundation as part of the Magna group of companies and our strong financial underpinning establish a level of security and stability that our tenants and partners can trust. We are an organization with a history of measured growth, a dedication to excellence and a culture that promotes capital discipline and a focus on our customers' priorities. These attributes have helped us build more than great buildings - they have helped us build great relationships.
We are committed to strengthening our Magna relationship through being a proactive and responsive partner. Our goal is to position ourselves to grow with Magna, thereby expanding our core foundation of high quality industrial properties and increasing our geographic diversification.
Recent Press Releases
December 1, 2011
MI Developments Inc. Announces Appointment of Tom Heslip as CEO
November 25, 2011
MI Developments Inc. Announces Acceptance by TSX of Normal Course Issuer Bid
November 10, 2011
MI Developments Announces 2011 Third Quarter Results
November 2, 2011
MI Developments Announces Notice of Conference Call for Third Quarter 2011 Results
October 25, 2011
MI Developments Announces its Strategic Plan following Completion of its Strategic Review Process
August 11, 2011
MI Developments announces 2011 Second Quarter Results
August 5, 2011
MI Developments Notice of Conference Call for Second Quarter 2011 Results
July 14, 2011
MI Developments Announces Departure of Officers
July 11, 2011
MI Developments Sells Property to The Stronach Group
July 6, 2011
MI Developments Announces New Board of Directors and New Senior Management Team
June 30, 2011
MI Developments Eliminates Its Dual Class Share Structure
May 12, 2011
MI Developments Announces 2011 First Quarter Results
May 2, 2011
MI Developments - Notice of Release of First Quarter 2011 Results
March 31, 2011
Court Approves Reorganization Proposal to Eliminate MI Developments' Dual Class Share Structure
March 29, 2011
MI Developments Shareholders Approve Reorganization Proposal to Eliminate its Dual Class Share Structure
March 10, 2011
MI Developments announces 2010 fourth quarter and year end results
February 17, 2011
MI Developments Responds to Meritless Cordish Complaint
January 31, 2011
MI Developments Enters into Agreements for Shareholders to Consider Elimination of its Dual Class Share Structure