OPUS Corporation

What OPUS Corporation does

OPUS Corporation is a Calgary-based, privately held commercial real estate company that operates as a fully integrated developer, general contractor, property manager, and leasing/marketing provider. Founded in 1983, the firm has delivered over 30 million square feet of commercial space across Western Canada, spanning British Columbia to Ontario, with a current managed portfolio of 785,813 SF across 16 properties in medical, industrial, mixed-use, office, and residential asset classes. Headcount is reported at 11-50 employees, with a property management team whose members collectively represent 171 years of combined experience.

The company generates revenue through four integrated service lines: construction management (general contracting fees and subcontractor markups), property management (ongoing management fees on third-party and owned assets), development (property sales, development fees, and appreciation on owned properties), and marketing/leasing (commission-based leasing services). Its go-to-market combines direct in-house leasing with commercial brokerage partnerships — Colliers for industrial product (Glenmore Junction) and NAI Advent for office product (Atlantic Avenue Art Block). Customers include enterprise tenants such as GM, Panasonic, Cineplex, Petronas, and Magna IV Engineering, alongside regional mid-market firms in medical, legal, and food service. Pricing for leasing is quoted at market rates; construction and development pricing is negotiated on a project-by-project basis and is not publicly disclosed.

Technically, OPUS deploys smart building features (digital suite access, elevator controls, integrated tenant apps, EV charging) in newer residential developments including Mission Landing and The Nines, and integrates third-party tenant portals (RentCafe for residential, CommercialCafe for commercial) for maintenance requests, lease documents, and payment management. The firm is family-led under President & CEO Hannes Kovac, holds COR workplace safety certification since 2009, and has won 8 consecutive Consumer Choice Awards for General Contractor in the Calgary region. No AI/ML capabilities, funding rounds, or external institutional investors are disclosed.

Name

OPUS Corporation

Legal name

OPUS Corporation

Website

https://opuscorp.ca

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

11–50 employees

Short description

OPUS Corporation is a Calgary-based, privately held commercial real estate firm founded in 1983, delivering integrated development, construction, property management, and leasing services across Western Canada for enterprise and mid-market tenants in medical, industrial, mixed-use, office, and residential asset classes.

Ownership category

akta.pro rank

Headquarters

HQ city

Calgary

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Property Management Services: OPUS provides full-service third-party property management for commercial and residential properties, including operational management, accounting, budgeting, insurance support, and tenant coordination. Revenue generated through management fees based on property value and scope of services.
2. Construction and Development Services: OPUS serves as general contractor and construction manager for real estate development projects. Services include pre-construction, project planning, feasibility review, value engineering, permitting, and general contracting. Revenue comes from construction management fees and markups on subcontractor work.
3. Marketing and Leasing Services: OPUS provides third-party marketing and leasing services for residential and commercial clients. Services include leasing strategy, market analysis, website design, customer engagement, lease templates, and market studies. Revenue generated through leasing commissions and ongoing marketing fees.
4. Real Estate Development: OPUS develops commercial, industrial, medical, retail, and residential properties for their own portfolio and for clients. Revenue generated through property sales, development fees, and appreciation on owned properties.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

OPUS Corporation is a Calgary-based full-service commercial and multi-family real estate company offering integrated real estate services including construction (pre-construction, general contracting, design-build), property management (third-party operational, accounting, leasing coordination), development (site selection, zoning, municipal consultation), and marketing & leasing for commercial, industrial, medical, retail, and residential properties across Western Canada.

Product overview

OPUS Corporation is a Calgary-based full-service commercial and multi-family real estate company offering integrated services since 1983. The company operates four core service lines: Construction Services (pre-construction, project management, general contracting, permitting), Property Management Services (third-party management with cloud-based accounting, operational management, leasing coordination), Development Services (site selection, zoning, municipal consultation, consultant management), and Marketing & Leasing Services (leasing strategy, market analysis, lease negotiation). OPUS has delivered over 30 million square feet of commercial space across Western Canada. Their property portfolio includes diverse asset types—medical (BOW45, Macleod Professional Centre), industrial (Glenmore Junction), residential (Mission Landing, The Nines, South Bank, Infinity @ Marda Loop), mixed-use (Britannia Crossing, Atlantic Avenue Art Block), and office (The Link at Royal Vista)—all managed through a fully integrated single-source delivery model.

Differentiator

Problem solved

Functional benefit

Products and services

• Construction Services Full-service construction and project management offerings for commercial, industrial, office, retail, medical, and residential projects. Services include pre-construction, project planning and budgeting, feasibility review, value engineering, tendering and procurement, construction management, general contracting, tenant improvements, design-build, and permitting/regulatory approvals. Delivered as both third-party construction services and in-house construction since 1983.
• Property Management Services Full-service third-party property management for commercial and residential properties, including operational management, cloud-based accounting, budget and capital plan execution, insurance and tax support, leasing coordination, tenant relations, and design/construction services. Manages a portfolio of over 785,000 square feet across 16 properties. Property management team holds 171 years of combined experience.
• Development Services In-house real estate development services covering site selection and acquisition, zoning and land use changes, municipal consultation, highest and best use analysis, development strategy, consultant management, public consultation, site planning, and development/building permits. Serves build-to-suit customers, asset managers, and land owners through a single point of contact.
• Marketing & Leasing Services Comprehensive marketing and leasing services for residential and commercial clients. Includes leasing strategy, market analysis, show suite management, lease templates, lease negotiation, marketing content development, website design, online presence management, signage, advertisement, floor plan consultation, tenant improvement planning, and tenant coordination. Available as third-party services or as part of OPUS's owned portfolio.
• BOW45 Three-storey, 24,109 SF medical-focused development at 4620 Bow Trail SW in Calgary. 100% leased mixed-use building for retail, office, and medical tenants with underground and surface parking.
• Britannia Crossing Five-storey, 66,606 SF mixed-use boutique commercial development at 5119 Elbow Drive SW in Calgary. LEED certified building featuring office and retail space with private patios and high pedestrian traffic. Underground parking managed by Indigo.
• Glenmore Junction 58,516 SF small bay industrial warehouse development at 8489 40th Street SE in Calgary with design-build opportunities ranging from 33,000 SF to 210,000 SF. Building A fully leased; future Building B offers flex bays from 4,236 SF. Leased in partnership with Colliers International.
• Macleod Professional Centre 31,066 SF medical and professional hub at 3916 MacLeod Trail SE in Calgary, featuring three storeys with main floor retail, proximity to 39th Avenue CTrain Station, and medical-focused infrastructure. Unit 340 third floor medical suite (3,458 SF) available.
• Mission Landing Six-storey mixed-use development at 8 Mission Rd SW in Calgary with 70 residential rental suites (50 one-bedroom, 20 two-bedroom) and main floor retail. Smart building featuring EV charging stations, digital suite access, elevator controls, and integrated tenant apps.
• The Nines Six-storey, 79,134 SF mixed-use development at 9999 Elbow Drive SW featuring 86 upscale residential rental suites (62 one-bedroom, 24 two-bedroom) with main floor retail. Smart building features including digital suite access, EV charging, and integrated tenant apps. Planned completion Q4 2025.

Quantifiable outcome

• 30+ million square feet of attractive and functional buildings delivered since 1983
• +3 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature2 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Colliers InternationalcoreChannel Partner/ Reseller/ DistributorOPUS partners with Colliers International for industrial property leasing services. Michael Massing, SIOR, Vice President at Colliers, handles leasing for Glenmore Junction, a small bay industrial warehouse and design build development. This partnership extends OPUS's market reach for industrial properties.
• NAI AdventcoreChannel Partner/ Reseller/ DistributorOPUS works with NAI Advent commercial brokerage for Atlantic Avenue Art Block leasing. Chris Howard at NAI Advent handles office space leasing inquiries for the 180,334 SF mixed-use development featuring LEED features and modern office spaces.
• IndigominorOthersIndigo manages visitor and tenant parking at several OPUS properties including Britannia Crossing and BOW45. Services include underground reserved/unreserved parking management for ease of use.

Scale indicators7 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Cadillac Fairview: One of Canada's largest commercial real estate developers, owners, and managers with a national portfolio of office, retail, and mixed-use properties. OPUS has executed tenant improvement work inside Cadillac Fairview's City Centre, demonstrating direct operational overlap with a much larger incumbent.
• Morguard Corporation: Canadian real estate company that owns, manages, and invests in a diversified portfolio of office, retail, industrial, and multi-suite residential properties. Comparable to OPUS in property management and ownership across multiple asset types in Canada.
• First Capital REIT: Canadian REIT owning, operating, and developing grocery-anchored, mixed-use, and office properties. Overlaps with OPUS in development and property management of mixed-use and retail assets.
• QuadReal Property Group: Canadian real estate investment, development, and operating company with a diversified portfolio across office, retail, industrial, and residential. Comparable integrated platform to OPUS at significantly larger scale.
• GWL Realty Advisors: Real estate advisory and management firm managing Canadian commercial, multi-family, and residential portfolios on behalf of institutional investors. Comparable third-party property management and leasing business to OPUS.
• Colliers International: Global commercial real estate services firm offering brokerage, property management, and project management. Colliers is also an OPUS partner (handling Glenmore Junction industrial leasing), making it both competitor and channel partner.
• Avison Young: Canadian-headquartered global commercial real estate services firm providing investment, leasing, property management, and project management. Comparable service mix to OPUS's property management and leasing arms.
• BentallGreenOak (now part of SLC Management): Global real estate investment management advisor operating Canadian commercial real estate. Overlaps with OPUS in property management and development services for institutional owners.

Direct peers

• Dream Unlimited Corp: Toronto-based real estate developer with significant Western Canadian exposure (including Calgary), operating across development, asset management, and construction. Comparable to OPUS as a vertically integrated Canadian developer with mixed-use and multi-family assets.

Regional players

• NAI Advent: Western Canadian commercial real estate brokerage firm that handles leasing for OPUS's Atlantic Avenue Art Block. Direct channel partner and regional peer in Calgary commercial leasing and sales.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/opuscorp?lang=en
• Facebookfacebook.com/OPUS-Corporation-209419992763876/?ref=bookmarks
• LinkedInlinkedin.com/company/opus-corporation
• Instagraminstagram.com/opus_corporation

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OPUS Corporation