The Edison - Calgary

Scott Hutcheson co-founded Aspen in 1998 and immediately acquired a handful of promising Calgary properties. One year later, Aspen’s portfolio comprised close to 358,000 square feet of downtown commercial property.

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In 2000, Scott was joined by Greg Guatto and the partners continued to add to Aspen’s portfolio, including buying and privatizing a significant block of shares in the publicly traded company Consolidated Properties Ltd. This added 42 more commercial properties to Aspen’s portfolio that ranged from office, retail and industrial to residential—in locations all across Canada.

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Soon after, Aspen began divesting its non-Alberta assets and, by 2005, the company was solely focused on what remains Aspen’s specialty to this day: providing value-add downtown office space in Calgary and Edmonton.

In January 2005, Aspen entered into an investment partnership with a Canadian pension fund that endures to this day.

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Since its founding, Aspen has bought and sold a total of over $2.6 billion in properties, has acquired and privatized two publicly traded companies, repositioned numerous properties through value-add initiatives and, in 2018, launched a 440,000 sq. ft. building in Calgary - called The Edison—the company’s first highly amenitized, 'love where you work' office building. 

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​Aspen’s development work focuses on both infill properties to bring development within the current footprint of downtown projects and the redevelopment of existing properties to bring new life and longevity to existing buildings.

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Aspen has established and nurtured strong financial relationships offering solid capital support. With blended yields from existing operations, new acquisitions, institutional financial support and new office property development, Aspen's financial platform and management integrity has positioned us for strong, disciplined, properly capitalized growth over the long term.