EDMONTON, AB–(Marketwired – May 09, 2017) – Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for the quarter ended March 31, 2017. Revenue for the quarter was $38.57 million up 26% over Q1-2016. Revenue growth was driven by a significant increase in sales in the Community Development division which led to an 86% increase in divisional revenue compared to the first quarter of 2016. Revenue from income-producing assets (Investment Properties and the REIT) grew by 5% over Q1-2016 and gross leasable area increased by 3%.