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We started in 1998 borrowing a boardroom

from a friend. Today, we proudly own and manage 4.25 million square feet of office space in downtown Calgary and  Edmonton.


Our Story

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.

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.

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.

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. 

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.

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.

How we got here

Who we are

Aspen Properties is a privately-held, boutique real estate company that owns and manages commercial office space in downtown Calgary and Edmonton. Aspen focuses on creating welcoming work spaces where people feel connected, get inspired, and know they belong.

Together with our investment partners, Aspen Properties owns and manages approximately 4.25 million square feet of office space in Calgary and Edmonton (plus nearly 3,800 highly sought-after parking spaces in downtown Calgary and Edmonton). Our current assets comprise 15 buildings—eleven in Calgary, three in Edmonton and development sites in each city. 

Our buildings typically offer modern and flexible workspaces, full-service meeting and conference facilities and many of our office buildings include recreation amenities—gyms, basketball courts, shared bikes, showers & change rooms and secure bike parking. And, let’s not forget the many retail stores and services sprinkled throughout our buildings which not only adds to the quality of our workplaces, but also, provides another “bump-into-occasion” during the work day.

Our vision: To provide the most advanced and sought-after boutique commercial real estate in Alberta. 

Our Culture

At the heart of our corporate culture lies a spirit of entrepreneurship, where innovation and creativity are not just encouraged—they're the cornerstone of our identity.


We foster a workplace where respect is a given and every voice is heard, empowering our team to serve our tenants and communities with care and dedication. Our adaptability ensures we remain agile and responsive in a dynamic market, allowing us to meet challenges head-on while maintaining unwavering integrity in every aspect of our business.


Together, these values don't just define us—they propel us towards our mission of creating spaces where businesses and individuals can thrive, and our vision of redefining the essence of real estate through impactful community engagement.

Our passion is to innovate…

to offer the very best in every Aspen building to everyone we serve…

to be first-to-market with amenities that make coming to work fun and productive.

Stone Tower

Our Team

The Aspen team comprises five executive leaders and over 100 other hard-working

and fun-loving employees.

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