Empire Company Limited (Public, TSE:EMP.A) is engaged in food retailing, real estate, and investments and other operations.
Food retailing is carried out through wholly owned Sobeys Inc. (Sobeys). The real estate business is carried out through a wholly owned operating subsidiary ECL Properties Limited (ECL), which includes a 100% interest in ECL Developments Limited (ECL Developments), as well as a 35.7% interest in Genstar Development Partnership and a 43.3% interest in Genstar Development Partnership II (Genstar) and a 47.9% interest in Crombie REIT.
Its investments and other operations consist primarily of a 27.6% interest in Wajax Income Fund, wholly owned ETL Canada Holdings Limited and Kepec Resources Limited.
On April 22, 2008, the Company’s real estate division, through Sobey Leased Properties, sold 61 properties to Crombie REIT.