Corporate structure
Woodfine Capital Projects Inc. ("Woodfine"), a holding company, originates Direct-Hold Solutions through its subsidiaries for the procurement, development, and management of real property. It owns 100% of those subsidiaries and acts as Developer and Promoter of the Direct-Hold Solutions. Its origination and development activities exclude the management of capital, funds, or financial assets on behalf of third parties.
Key takeaways
- Woodfine is a holding company that acts as Developer and Promoter of the Direct-Hold Solutions, and owns 100% of its subsidiaries.
- Woodfine is incorporated federally under the Canada Business Corporations Act, and is extra-provincially registered to carry on business in British Columbia.
- Four Direct-Hold Solutions exist or are planned: one established, in Canada; three planned, in the United States, Spain, and Mexico.
- Each jurisdiction has, or is planned to have, a governing entity (a general partner or an administrator) and a separate company holding the promoter's equity.
- Woodfine Management Corp. ("MCorp") is the group's operating-services subsidiary — it employs staff and performs delegated operational work, holding no governing authority in any vehicle.
- PointSav Digital Systems ("PointSav") is currently a trade name of Woodfine, planned to become a wholly-owned Woodfine subsidiary upon incorporation.
- Woodfine has held this holding-company structure since at least 2011.
The parent company and its development focus
Woodfine is incorporated federally under the Canada Business Corporations Act, and is extra-provincially registered to carry on business in British Columbia, Canada.
Woodfine develops Power Centres — a large aggregation of retail stores with at least one large box-store anchor tenant — in North America and Europe. Its stated development opportunity is leasable space in and near Power Centres for professional and industrial service providers.
Initial Canadian developments are concentrated in British Columbia and Alberta, with consideration given to other Western Canadian markets.
The subsidiary layer
Woodfine Management Corp. ("MCorp") is the group's operating-services subsidiary: it employs the staff and retains the consultants required by the businesses of the direct-hold vehicles, performing procurement, development, management, and administration work delegated to it. It holds no governing authority in any vehicle.
PointSav Digital Systems ("PointSav") is currently a trade name of Woodfine, planned to become a wholly-owned Woodfine subsidiary upon incorporation. Its role in the group is set out in the vendor-customer model.
In Canada, the promoter's equity interest is held by a separate company, Benetti Holdings Inc. A parallel company is planned in each of the other three jurisdictions: Benetti Holdings 2 Inc. in the United States, Benetti Holdings 3 S.L. in Spain, and Benetti Holdings 4 S.R.L. in Mexico. The Canadian units are held in escrow until limited partners recover 100% of contributed capital or a defined liquidity event occurs. The same escrow arrangement is intended in each planned jurisdiction.
Woodfine Advisors Inc., a wholly owned subsidiary of Woodfine, provides procurement, development, and management services to the Canadian partnership.
Legal title to each property is held by a separate Woodfine Titleco nominee company, beneficially owned by the applicable Direct-Hold vehicle.
The vehicle layer
| Direct-Hold Solution | Legal form and jurisdiction | Status | Governing entity | Promoter-equity company |
|---|---|---|---|---|
| Professional Centres Canada LP | Limited partnership, British Columbia | Established | Woodfine Professional Centres Inc., General Partner | Benetti Holdings Inc. |
| Professional Centres United States LP | Limited partnership, Delaware | Planned | Woodfine Professional Centres 2 Inc., General Partner | Benetti Holdings 2 Inc. |
| Professional Centres Spain SOCIMI | SOCIMI, Madrid | Planned | Woodfine Professional Centres 3 S.A., Administrator | Benetti Holdings 3 S.L. |
| Professional Centres Mexico FIBRA | FIBRA, State of Mexico | Planned | Woodfine Professional Centres 4 S.A., Administrator | Benetti Holdings 4 S.R.L. |
Only Professional Centres Canada LP is established. The United States, Spain, and Mexico vehicles, their governing entities, and their promoter-equity companies are planned.
Continuity of the structure
Woodfine has held this holding-company structure since at least 2011, when its own executed legal documents described it as "a holding company for a group of corporations that engage in the development of commercial real estate that is owned through limited partnerships of which the general partners are wholly owned subsidiaries" of Woodfine.
The chief executive role has a multi-decade record as a developer in the Western Canadian commercial real estate market, spanning construction, leasing, design-build work for national retailers, site selection, permitting, and construction supervision. The chief executive role and a second executive role have worked together since the late 1990s.
What this is not
This article states the group's corporate structure only. It does not cover investment terms, unit pricing, distributions, fees, or the financial performance of any vehicle. It is not an offer of securities. Only Professional Centres Canada LP is established; the United States, Spain, and Mexico vehicles are planned, and their entities, forms, and governance arrangements may change before they are constituted. PointSav's incorporation as a separate subsidiary is planned, not completed.
See also
Cite this record: /wiki/corporate-structure — revision 5757b945, last updated 6 September 2026.