CAMPEAU'S GOAL: RETAIL REAL ESTATE
By Douglas Martin, Special To the New York Times
Robert Campeau, who, through his Campeau Corporation, is pursuing the Allied Stores Corporation in a $3.11 billion offer, lacks neither luck nor ambition. Born poor in the hardscrabble nickel-mining town of Sudbury, Ontario, he discovered the lure of development in 1949 at the age of 25, when he was building a home for his family in Ottawa. It cost $5,000 to build, but before the house was even finished he accepted a $7,300 offer for it. The next year, Mr. Campeau built 250 houses in Ottawa, the first of more than 20,000 he would erect in Canada's capital. By 1977, homebuilding seemed small potatoes, and he abandoned the business in favor of his growing commercial and industrial development interests.