Shindico Looking to Invest in Downtown Calgary

Shindico, a Manitoba-based commercial real estate company, is planning to invest in downtown Calgary, potentially converting excess office space into multi-family housing. The company aims to leverage Calgary's Downtown Development Incentive Program (DIP), which offers financial incentives for such conversions. Shindico's president, Sandy Shindleman, emphasized the strategic diversification this investment represents and highlighted their longstanding presence in other Canadian provinces like Alberta, Saskatchewan, Ontario, and Quebec. Celebrating its 50th anniversary, Shindico plans careful expansion without establishing a new construction firm in Calgary.