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H.I.G. Realty Expands Investment in Living Sector in Central London

July 19, 2024 By Business Wire

LONDON–(BUSINESS WIRE)–#Amenities–H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $64 billion of capital under management, is pleased to announce that its newly established Living Platform has partnered with HUB Residential on a first project near Old Street, London.


With the London residential market experiencing acute housing shortages and affordability issues, the emerging of the Living Sector offers residents a valid alternative to traditional living options. The properties offer greater flexibility, a more efficient use of space, and enhanced amenities throughout the buildings. These amenities include co-working spaces, gyms, and cinema rooms aimed at creating a strong sense of community.

Riccardo Dallolio, Managing Director and Head of H.I.G. Realty in Europe, commented: “The London residential market continues to benefit from strong fundamentals and we believe the Living Sector will play a key role in centrally located neighbourhoods, such as Old Street. We believe there is an opportunity to grow this platform across a number of locations in London.”

Stelios Theodosiou, Managing Director at H.I.G. Realty, commented: “The transaction demonstrates our ability to identify secular trends and secure prime locations in the Living Sector. Sitting in the heart of London’s Technology & Innovation Belt, this seed asset provides an opportunity to establish an early presence, in partnership with high-quality partners such as HUB Residential, in a growing real estate sector.”

About H.I.G. Capital

H.I.G. is a leading global alternative investment firm with $64 billion of capital under management.* Based in Miami, and with offices in Atlanta, Boston, Chicago, Los Angeles, New York, and San Francisco in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, and Dubai, H.I.G. specializes in providing both debt and equity capital to mid-sized companies, utilizing a flexible and operationally focused/value-added approach:

  • H.I.G.’s equity funds invest in management buyouts, recapitalizations, and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
  • H.I.G.’s debt funds invest in senior, unitranche, and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. also manages a publicly traded BDC, WhiteHorse Finance.
  • H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
  • H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.

Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The Firm’s current portfolio includes more than 100 companies with combined sales in excess of $53 billion. For more information, please refer to the H.I.G. website at hig.com.

*Based on total capital raised by H.I.G. Capital and its affiliates.

Contacts

Riccardo Dallolio

Managing Director

rdallolio@hig.com

Stelios Theodosiou

Managing Director

stheodosiou@hig.com

H.I.G. Capital

10 Grosvenor Street

2nd Floor

London W1K 4QB

United Kingdom

P +44 (0) 207 318 5700

hig.com

Dream Office REIT Q2 2024 Financial Results Release Date, Webcast and Conference Call

July 18, 2024 By Business Wire

TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX: D.UN) (“Dream Office”) will be releasing its financial results for the quarter ended June 30, 2024, on Friday, August 9, 2024.


Senior management will be hosting a conference call to discuss the financial results. Participants may join the conference call by audio or webcast.

Conference Call:

Date:

Monday, August 12, 2024 at 9:00 a.m. (ET)

Audio:

1-844-763-8274 (toll free)

647-484-8814 (toll)

Webcast:

A live webcast will also be available in listen-only mode. To access the simultaneous webcast, go to the Calendar of Events on the News and Events page on Dream Office’s website at www.dreamofficereit.ca and click on the link for the webcast.

Digital Replay:

A taped replay of the call will be available for ninety (90) days. For access details, please click on the Calendar of Events on Dream Office’s website.

About Dream Office

Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT is a premier office landlord in downtown Toronto with over 3.5 million square feet owned and managed. We have carefully curated an investment portfolio of high-quality assets in irreplaceable locations in one of the finest office markets in the world. For more information, please visit our website at www.dreamofficereit.ca.

Contacts

For further information, please contact:

Michael J. Cooper
Chairman and Chief Executive Officer

(416) 365-5145

mcooper@dream.ca

Jay Jiang
Chief Financial Officer

(416) 365-6638

jjiang@dream.ca

Cargill Surpasses 50 Percent Completion Milestone for Regina Canola Processing Facility Build

July 17, 2024 By Business Wire

Cargill anticipates facility to open in 2025

REGINA, Saskatchewan–(BUSINESS WIRE)–Cargill, a global leader in oilseed processing, today announced it has surpassed the 50 percent completion milestone in the construction of its new canola facility located at the Global Transportation Hub in West Regina, Sask. Cargill broke ground on the facility in July 2022 and anticipates opening in 2025. The new facility will have the capacity to process 1 million metric tons of canola per year, producing crude canola oil for food and biofuel markets and canola meal for animal feed.




“The addition of the Regina facility to the Cargill network will play a critical role connecting the Canadian canola industry to the expanding domestic and global market opportunities for vegetable oil, high quality meal and biofuels,” said Jeff Vassart, president of Cargill Canada. “The current construction environment is full of unique challenges and this project has faced many headwinds since we broke ground, but we are committed to becoming a best-in-class option for canola growers in the region, along with helping decarbonize the global food and fuel supply chain.”

To support rail and road infrastructure around the new plant, Cargill recently completed the purchase of just over 400 acres near the Global Transportation Hub. This will allow for better connection to existing rail lines, providing efficient access to destination markets for both meal pellets and canola oil. Additionally, this will mean the site has additional optionality to bring canola seed to Regina when needed, providing a new destination for farmers in western Canada.

Cargill offers a full suite of solutions for farmers across western Canada – from grain marketing and advisory services to crop inputs and agronomic expertise. Canadian canola growers can maximize the value of their canola through a variety of programs. Learn more at CargillAg.ca.

About Cargill

Cargill is committed to providing food, ingredients, agricultural solutions, and industrial products to nourish the world in a safe, responsible, and sustainable way. Sitting at the heart of the supply chain, we partner with farmers and customers to source, make and deliver products that are vital for living.

Our 160,000 team members innovate with purpose, providing customers with life’s essentials so businesses can grow, communities prosper, and consumers live well. With 159 years of experience as a family company, we look ahead while remaining true to our values. We put people first. We reach higher. We do the right thing—today and for generations to come. For more information, visit Cargill.com and our News Center.

Contacts

Bridget Christenson

Cargill

media@cargill.com

Slate Grocery REIT Announces Distribution for the Month of July 2024

July 16, 2024 By Business Wire

TORONTO–(BUSINESS WIRE)–Slate Grocery REIT (TSX: SGR.U) (TSX: SGR.UN) (the “REIT”), an owner and operator of U.S. grocery-anchored real estate, announced today that the Board of Trustees has declared a distribution for the month of July 2024 of U.S.$0.072 per class U unit of the REIT (“Class U Units”), or U.S.$0.864 on an annualized basis.


Holders of Class U Units may elect to receive their distribution in Canadian dollars and should contact their broker to make such an election.

Holders of class A units of the REIT (“Class A Units”) will receive a distribution equal to the Canadian dollar equivalent (based on the U.S./Canadian dollar exchange rate at the time of payment of the distribution) of U.S.$0.072 per Class A Unit, unless the unitholder has elected to receive distributions in U.S. dollars. Holders of class I units of the REIT (“Class I Units”) will receive a distribution of U.S.$0.072 per Class I Unit, unless the unitholder has elected to receive distributions in Canadian dollars. Holders of units of subsidiaries of the REIT that are exchangeable into Class U Units (“Exchangeable Units”) will receive a distribution of U.S.$0.072 per unit.

If a holder of Class U Units or Class I Units elects to receive distributions in Canadian dollars, the holder will receive the Canadian dollar equivalent amount of the distribution being paid on the Class U Units or Class I Units, as applicable, based on the U.S./Canadian dollar exchange rate at the time of payment of the distribution.

Distributions on all unit classes of the REIT, and distributions on Exchangeable Units, will be payable on August 15, 2024 to unitholders of record as of the close of business on July 31, 2024.

About Slate Grocery REIT (TSX: SGR.U / SGR.UN)

Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates approximately U.S. $2.4 billion of critical real estate infrastructure across major U.S. metro markets that communities rely upon for their daily needs. The REIT’s resilient grocery-anchored portfolio and strong credit tenants provide unitholders with durable cash flows and the potential for capital appreciation over the longer term. Visit slategroceryreit.com to learn more about the REIT.

About Slate Asset Management

Slate Asset Management is a global alternative investment platform. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate’s platform focuses on four areas of real assets, including real estate equity, real estate credit, real estate securities, and infrastructure. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more, and follow Slate Asset Management on LinkedIn, X (Twitter), and Instagram.

Forward-Looking Statements

Certain information herein constitutes “forward-looking information” as defined under Canadian securities laws which reflect management’s expectations regarding objectives, plans, goals, strategies, future growth, results of operations, performance, business prospects and opportunities of the REIT. The words “plans”, “expects”, “does not expect”, “scheduled”, “estimates”, “intends”, “anticipates”, “does not anticipate”, “projects”, “believes”, or variations of such words and phrases or statements to the effect that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “occur”, “be achieved”, or “continue” and similar expressions identify forward-looking statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations.

Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by management as of the date hereof, are inherently subject to significant business, economic and competitive uncertainties and contingencies. When relying on forward-looking statements to make decisions, the REIT cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements. Additional information about risks and uncertainties is contained in the filings of the REIT with securities regulators.

SGR-Dist

Contacts

For Further Information
Investor Relations

+1 416 644 4264

ir@slateam.com

Opening of a New MICE Venue, TAKANAWA GATEWAY Convention Center*

July 15, 2024 By Business Wire

– One of the largest multi purpose hall within Tokyo with direct access to the station started taking reservations from July 1st 2024 –

  • East Japan Railway Company (JR East), JR East Building Co., Ltd (JR East Building) and Congrès Inc.(Congrès) started taking reservations for this Venue. This facility is within the TAKANAWA GATEWAY CITY, scheduled to open in late March 2025.




  • This venue has direct access to Takanawa Gateway Station, and with the LINKPILLAR Hall having the capacity of 2000 people, it allows a variety of MICE events.

  • This venue will also strive to take environmentally sustainable actions. By using public spaces such as the plaza and advertising media within the city, the city itself will serve as a unique MICE venue.

*MICE stands for Meetings, Incentives, Conventions and Exhibition/Events.

TOKYO–(BUSINESS WIRE)–EAST JAPAN RAILWAY COMPANY:

1. About TAKANAWA GATEWAY Convention Center

(1) Features of the Venue

  1. A MICE venue with new technology
  2. The LINKPILLAR Hall is equipped with high-resolution projectors supported by a range of communication infrastructures which enables seamless real-time transmission of images and audios.
  3. Numerous types of spaces that will suite the participants’ needs
  4. An advanced MICE hub surrounded by numerous facilities
  5. An ideal location for International events

Venue Information

  1. Location: THE LINKPILLAR 1 SOUTH, 1st and 2nd basement floor, 6th floor

For more information, please look at the website below:

https://www.takanawagateway-cc.com/en/facility/

(2) A Citywide MICE in the Center of Tokyo

The development of this area which includes the city and the station is done by JR East. Using this strength, you can organise your MICE events outside of the facility, meaning that the city itself will become a unique MICE venue.

2. Sustainable Actions

We are dedicated to promoting sustainability and making significant environmental contributions through hosting MICE events.

(1) Environmentally Friendly Venue

This Convention Center is in THE LINKPILLAR 1, which has achieved the well renowned LEED® for Building Design and Construction: Core and Shell Development (LEED® BD+C CS) precertification (Gold).

(2) Transforming Food Waste Into Power

Leftover food will be transformed into power by using the first in-building biogas generation equipment in East Japan.

(3) Supporting to Host an Environmentally Friendly Event

This Venue will actively implement measures that contribute to sustainable MICE practices.

For more information, please look at the website below:

https://www.congre.com/sustainability/sdgs/

3. Inquires

(1) When can we start using the venue?

Rooms are available from July 1st 2025 onwards.

*The opening date for renting each room will differ.

(2) When can we start sending booking inquiries?

  1. When: July 1st 2024 (Monday) , 2PM~
  2. How: Please visit our Website

    https://takanawagateway-cc.com

For further enquires, please contact us below.

Contacts

Enquiries

TAKANAWA GATEWAY Convention Center

takanawagateway-cc@jebl.co.jp
Phone +81-(0)3-3510-3734 (Weekdays 10:00-17:00)

H.I.G. Infrastructure Completes Acquisition of Best Trash

July 12, 2024 By Business Wire

NEW YORK–(BUSINESS WIRE)–#Acquisition–H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $64 billion of capital under management, is pleased to announce that one of its affiliates has completed the acquisition of Best Trash, LLC (“Best Trash” or the “Company”).


Headquartered in Richmond, TX, Best Trash is a market leading municipal solid waste platform serving the residential waste collection needs of select markets in Texas including the Greater Houston Area (“GHA”). Best Trash services utility districts, municipalities, homeowner associations, and individual residences.

Mark Moderski, Chief Executive Officer of Best Trash, commented, “We are thrilled to partner with H.I.G. and leverage their significant experience and resources as we enter this next phase of growth. Best Trash has built its brand providing exceptional service to its customers, and we look forward to continuing to serve the communities in which we operate.”

Miriam Rafiqi, Managing Director at H.I.G. Infrastructure, added, “We are excited about the opportunity to partner with Mark and his outstanding management team in the Company’s next stage of growth. Best Trash provides essential and recurring services under long-term contracts and has a reputation for prioritizing reliable and consistent customer service, which will continue to drive growth in the business. We look forward to supporting management’s continued growth initiatives.”

Stifel, Nicolaus and Company, Inc. acted as financial advisor and Ropes & Gray LLP served as legal counsel to H.I.G. Raymond James & Associates, Inc. acted as financial advisor and White & Case LLP served as legal counsel to Best Trash.

About Best Trash

Founded in 2009, Best Trash is a premier and trusted waste collection platform providing non-discretionary, best-in-class service to over 450,000 homes across more than 350 contracts. Best Trash delivers full-suite rear-load residential refuse collection.

Best Trash has a stellar reputation for quality and safety, resulting in industry leading customer retention. The Company’s long-term contracts provide significant revenue visibility, and when paired with Best Trash’s long-term disposal contracts, generate attractive, and stable margins. For more information, visit best-trash.com.

About H.I.G. Capital

H.I.G. is a leading global alternative investment firm with $64 billion of capital under management.* Based in Miami, and with offices in Atlanta, Boston, Chicago, Los Angeles, New York, and San Francisco in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, and Dubai, H.I.G. specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused/value-added approach:

  • H.I.G.’s equity funds invest in management buyouts, recapitalizations, and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
  • H.I.G.’s debt funds invest in senior, unitranche, and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. also manages a publicly traded BDC, WhiteHorse Finance.
  • H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
  • H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.

Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The Firm’s current portfolio includes more than 100 companies with combined sales in excess of $53 billion. For more information, please refer to the H.I.G. website at hig.com.

*Based on total capital raised by H.I.G. Capital and its affiliates.

Contacts

Miriam Rafiqi

Managing Director

mrafiqi@hig.com

Paul Gurm

Principal

pgurm@hig.com

H.I.G. Capital

1271 Avenue of the Americas

22nd Floor

New York, NY 10020

P 212.506.0500

hig.com

RONA Partners with Affirm to Bring Canadians a More Flexible Way to Pay for Home Improvement Supplies Online

July 12, 2024 By Business Wire

Eligible consumers can pay in simple biweekly or monthly payments, with no hidden or late fees

BOUCHERVILLE, Québec & TORONTO–(BUSINESS WIRE)–Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced a partnership with RONA inc., one of Canada’s leading home improvement retailers operating and servicing some 425 corporate and affiliated stores. Now, eligible shoppers can use Affirm to purchase their home improvement necessities online.

By selecting Affirm at checkout on rona.ca, approved RONA customers can split eligible purchases into biweekly or monthly payments for terms up to 12 months. Consumers are shown the total cost of their purchase and will never pay more than they agree to upfront as Affirm does not charge any late or hidden fees.

“Canadians have trusted RONA for their home improvement needs since 1939 and, throughout the years, their shopping habits have evolved. Many Canadians now prefer to use online solutions for making their purchases and we wanted to offer them the same payment flexibility we offer customers who shop our stores through other flexible payment solutions, which is exactly what Affirm allows us to do,” said Adam Powell, Chief Digital Officer of RONA inc. “We’re thrilled to offer greater choice at checkout to help our customers bring their projects to life.”

“Tackling home projects can be daunting, but using Affirm can give eligible RONA consumers the clarity and control they need to focus on completing the job at hand without the stress or hassle of hidden fees or junk charges,” said Wayne Pommen, Chief Revenue Officer at Affirm. “We’re proud to work with one of the most iconic retailers in Canada to offer a flexible and transparent way to pay for those important home improvement supplies.”

RONA joins Affirm’s network of 292,000 retailers, including partnerships in Canada with Amazon, Apple, Samsung, Hudson’s Bay, Browns Shoes, CheapOair and more.

About Affirm

Affirm’s mission is to deliver honest financial products that improve lives. By building a new kind of payment network — one based on trust, transparency and putting people first — we empower millions of consumers to spend and save responsibly, and give thousands of businesses the tools to fuel growth. Unlike most credit cards and other pay-over-time options, we show consumers exactly what they will pay up front, never increase that amount, and never charge any late or hidden fees. Follow Affirm on social media: LinkedIn | Instagram | Facebook | X.

About RONA inc.

RONA inc. is one of Canada’s leading home improvement retailers and is headquartered in Boucherville, Québec. The RONA inc. network operates or services some 425 corporate and affiliated dealer stores under the RONA+, RONA, Réno-Dépôt, and Dick’s Lumber banners. With a long and rich history, RONA inc. has supported Canadians in their home improvement and construction projects since 1939. To achieve this, the company relies on a team of 21,000 employees, to whom it strives to provide an inclusive workplace where everyone is invited to contribute. RONA inc. is one of the Montréal region’s Top Employers since 2021. As a result of its ongoing efforts in sustainable development, the company is recognized as one of Canada’s Greenest Employers. To learn more about the company, visit the website www.ronainc.ca.

To share this news on social media, please use @RONAEN (Facebook), @RONA (LinkedIn), and @RONAinc (X, formerly Twitter).

Rates from 0-31.99% APR (subject to provincial regulations). Payment options through Affirm Canada Holdings Ltd. (“Affirm”) are subject to an eligibility check and depend on purchase amount, vary by merchant, and may not be available in all provinces/territories. A down payment (or a payment due today) may be required.

AFRM-A

Contacts

Press Contacts
RONA

media@rona.ca
514 599-5900, ext. 5271

1 866 566-3342

Affirm

Nicholas Fisher

press@affirm.com
(650) 398-2715

Core & Main Expands into Canada by Signing Agreement to Acquire HM Pipe Products

July 11, 2024 By Business Wire

ST. LOUIS–(BUSINESS WIRE)–Core & Main Inc. (NYSE: CNM), a leader in advancing reliable infrastructure with local service, nationwide, has entered into a definitive agreement to acquire substantially all of the assets of HM Pipe Products, Inc. and HM Pipe Products Kitchener Inc. (collectively, HM Pipe Products), a Canadian distributor of water and wastewater products.


“With our expansion into Canada, we will achieve a key milestone for Core & Main. The team at HM Pipe Products has extensive market knowledge, an excellent reputation in the industry and strong customer connections,” said Steve LeClair, chair and CEO of Core & Main. “We plan to utilize our collective resources and combined expertise to address Canada’s water and wastewater infrastructure needs, providing significant future growth opportunities in the multibillion-dollar Canadian market.”

Established in 2010, HM Pipe Products is a trusted provider of a broad array of products to assist contractors and municipalities in Ontario with their waterworks infrastructure projects. Their experienced team operates from two locations in London, Ontario, and Kitchener, Ontario.

“It was important for us to partner with an established industry veteran who has a similar culture and dedication to exceptional service when entering the Canadian market. We found that in HM Pipe Products,” said Jack Schaller, president of Core & Main. “I look forward to welcoming them to Core & Main and collaborating with their team as we build out our presence in Canada.”

“I am very proud of what our team has accomplished since Fraser Metcalf and I founded the company in 2010,” said HM Pipe Products President, Rick Henry. “Fraser and I are excited to enter a new chapter as part of the Core & Main family. We feel a strong alignment of purpose with their team, and this partnership paves the way for us to support the Canadian water and wastewater industry with expanded resources and unmatched excellence.”

About Core & Main

Based in St. Louis, Core & Main is a leader in advancing reliable infrastructure™ with local service, nationwide®. As a leading specialized distributor with a focus on water, wastewater, storm drainage and fire protection products and related services, Core & Main provides solutions to municipalities, private water companies and professional contractors across municipal, non-residential and residential end markets, nationwide. With more than 350 locations across the U.S., the company provides its customers local expertise backed by a national supply chain. Core & Main’s nearly 5,500 associates are committed to helping their communities thrive with safe and reliable infrastructure. Visit coreandmain.com to learn more.

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this press release include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements include information concerning Core & Main’s financial and operating outlook, as well as any other statement that does not directly relate to any historical or current fact. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “could,” “should,” “forecasts,” “expects,” “intends,” “plans,” “anticipates,” “projects,” “outlook,” “believes,” “estimates,” “predicts,” “potential,” “continue,” “preliminary,” or the negative of these terms or other comparable terminology. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we can give you no assurance these expectations will prove to have been correct. These forward-looking statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to differ materially from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements.

Additional information concerning these and other factors can be found in our filings with the Securities and Exchange Commission. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made and, except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.

Contacts

Investor Relations:
Robyn Bradbury, 314-995-9116

InvestorRelations@CoreandMain.com

Media Relations:
Jennifer Noonan, 314-750-9670

Jennifer.Noonan@CoreandMain.com

Primaris REIT Announces Distribution for July 2024

July 10, 2024 By Business Wire

TORONTO–(BUSINESS WIRE)–Primaris Real Estate Investment Trust (“Primaris” or the “Trust”) (TSX: PMZ.UN) announced today that its Board of Trustees has declared a distribution of $0.07 per unit for the month of July 2024, representing $0.84 per unit on an annualized basis. The distribution will be payable on August 15, 2024 to unitholders of record on July 31, 2024.


About Primaris Real Estate Investment Trust

Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests primarily in leading enclosed shopping centres located in growing mid-sized markets. The portfolio totals 39 properties, or 12.5 million square feet valued at approximately $3.8 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the Canadian retail property landscape.

For more information: TSX: PMZ.UN www.primarisreit.com www.sedarplus.ca

Contacts

Alex Avery

Chief Executive Officer

416-642-7837

aavery@primarisreit.com

Rags Davloor

Chief Financial Officer

416-645-3716

rdavloor@primarisreit.com

Claire Mahaney

VP, Investor Relations & ESG

647-949-3093

cmahaney@primarisreit.com

Timothy Pire

Chair of the Board

chair@primarisreit.com

Thriving Health & Wellness Communities: Technogym and Live Work Learn Play Unite for an Innovative Partnership

July 9, 2024 By Business Wire

FAIRFIELD, N.J. & MONTREAL–(BUSINESS WIRE)–#CommunityDevelopment–Live Work Learn Play, a renowned international expert in large-scale community development, and Technogym, a global leader in wellness and fitness, are pleased to announce an innovative strategic partnership to develop and activate healthy communities and thriving placemaking projects across North America. Live Work Learn Play’s dedication to conceiving, planning, and delivering healthy complete communities and vibrant mixed-use real estate projects aligns seamlessly with Technogym’s mission to promote comprehensive health and well-being.


The partnership aims to broaden access to and integrate best-in-class Technogym fitness, health and wellness equipment and technology within Live Work Learn Play’s communities, projects and relationships across North America. This will be achieved by leveraging Technogym’s unique wellness ecosystem to enable physical, mental, and social well-being throughout all stages of community development and operations, helping people lead longer, better, and healthier lives.

“We are thrilled to embark on this journey with Technogym to deliver and cultivate comprehensive and complete mixed-use health and wellness communities across North America,” said Max Reim, Chief Executive Officer, Co-Managing Partner & Founding Principal of Live Work Learn Play. “Technogym’s reputation as a global leader in fitness and wellness resonates deeply with our ethos and is 100% aligned with our mission at Live Work Learn Play. We have always recognized that our iconic projects must foster enduring community well-being for generations. This North America-wide collaboration empowers us to continue elevating, differentiating, and catalyzing our communities.”

Technogym is a global leader and brand in fitness, sport and health with a global presence in over 120 countries, including extensive presence in the United States, Canada, and Mexico. Every day over 70 million people train with Technogym all over the world. Live Work Learn Play specializes in fully integrated mixed-use wellness-based real estate and placemaking projects that incorporate a mix of housing, healthcare, education, sports and recreation, nutrition, life sciences, hotel and hospitality, arts and culture, and immersive retail and food & beverage experiences, with diversified economies and a range of employment opportunities.

“We are excited to collaborate with Live Work Learn Play and their stakeholders to deliver comprehensive, immersive and enduring wellness-focused communities and real estate projects throughout North America,” said Fabrizio Catania, Managing Director for Technogym. “This strategic partnership underscores Technogym’s dedication to increasing human performance and enhancing people’s lives through regular physical exercise, which perfectly aligns with Live Work Learn Play’s vision and mission. Together, we have a unique opportunity to expand our impact and deliver healthier, more vibrant communities, projects, and places.”

ABOUT LIVE WORK LEARN PLAY

Live Work Learn Play is a mission-based international real estate development and advisory firm on the cutting edge of conceiving, planning, developing, and activating dynamic, large-scale mixed-use projects, complete community developments and very special places across North America and the world. With over 100 years of collective experience, Live Work Learn Play creates communities that become sustainable destinations and thriving economies for generations.

https://lwlp.com/

ABOUT TECHNOGYM INC.

Founded in 1983, Technogym is a world-leading brand in fitness, wellness, sport, and health. Technogym provides a complete ecosystem made of connected smart fitness equipment, digital services, and training content. Thanks to the Mywellness Cloud Platform people can connect to their personal training experience anywhere, both on Technogym equipment and mobile devices. Technogym has over 2,500 employees and is present in over 120 countries. More than 85,000 wellness centers and 400,000 private homes in the world are equipped with Technogym. Technogym has been appointed Official Supplier to the Paris 2024 Olympics, the ninth time after Sydney 2000, Athens 2004, Turin 2006, Beijing 2008, London 2012, Rio 2016, Pyeongchang 2018 and Tokyo 2020, and it’s the reference brand for the training of worldwide champions.

https://www.technogym.com/

Contacts

MEDIA

Nadia Stolfi
Director, Communications & Community Development

Live Work Learn Play

519-993-6350

nadia@lwlp.com

Technogym Press Office
pressoffice@technogym.com

Traka ASSA ABLOY Wins 2024 Red Dot Award for Touch Pro Series of Electronic Key Management Cabinets

July 3, 2024 By Business Wire

OLNEY, England–(BUSINESS WIRE)–Traka, an ASSA ABLOY company and a global leader in intelligent key management solutions, is pleased to be recognized as a winner of the prestigious Red Dot Award for Product Design. This honour is a testament to Traka’s commitment to innovation and excellence in design.




The Red Dot Award is a globally recognized competition that celebrates innovative products that significantly impact their respective fields. A panel of expert judges worldwide evaluates each submission, selecting only the most outstanding products demonstrating exceptional design quality. This year, 18,000 entries were reviewed, and only a select number of designers and manufacturers were bestowed this prestigious award as a badge of honour that recognizes excellence in design.

Traka’s Touch Pro line of intelligent key cabinet systems has been recognized for its design excellence. The latest design features a sleek, modern build that makes it easy to assemble, install, and configure in almost any space. Traka’s engineers have prioritized sustainability, creating a more robust, reliable, and secure solution that sets a new standard for the industry. The updated design offers extra depth and height, providing more room for organizing keys and access cards.

Perla Munhoz, Global Head of Product Design at ASSA ABLOY Group commented, “Winning the Red Dot award for our Traka Touch Pro fills us with immense joy, confirming we’re on the right path. In a market of similar boxy designs, our intelligent key cabinet stands out with its functional and elegant design, respecting both its environment and users. This success highlights our team’s talent, innovation, and dedication, transforming a mundane design into something extraordinary.”

Further commenting on the achievement, Mike Rimmington, Senior Vice President & Head of Key and Asset Management, ASSA ABLOY Global Solutions, said, “I am thrilled that our Touch Pro series has been recognized as a 2024 Red Dot Winner for innovation. This award reflects our team’s dedication and expertise at Traka, making a significant impact in the industry. I am grateful for our customers’ trust as this recognition validates our mission to provide innovative solutions that improve lives. This award reaffirms our commitment to innovation and customer satisfaction, and we will continue to push the boundaries of what’s possible with our technology. My heartfelt congratulations to our entire team. I look forward to seeing what the future holds for Traka.”

Wayne Stant, Product Director for Traka added, “We knew following in the footsteps of the popular Traka Touch key cabinet range was going to be no small feat. Designing the Traka Touch Pro required a monumental team effort, involving insight from right across the business, ASSA ABLOY Group, our partners and most importantly, our customers. Accomplishing this in the middle of a pandemic was amazing to be part of and is now being rewarded with market success. We’re delighted to receive the prestigious Red Dot award as an extra validation of all our hard work.”

About Traka:

Traka is part of ASSA ABLOY Global Solutions, which provides safe and sustainable cutting-edge technology solutions for physical and digital access management control. As a full solutions provider, ASSA ABLOY Global Solutions is part of the wider ASSA ABLOY Group. Being a global leader in access solutions, the Group operates worldwide with 61,000 employees and holds leading positions in areas such as efficient door opening, trusted identities, and entrance automation.

Traka is the global leader in intelligent management solutions for keys and equipment. Their solutions help organizations better control their important assets, improving productivity and accountability, and reducing risk in critical processes. Traka continuously invests in the development of technology to provide leading, innovative, secure, and effective real-world solutions to the challenges that organizations face in managing keys and equipment. Their solutions are tailored to customer needs and requirements, providing the most value and impact on their business.

Traka is a global organization with local support working to define processes, being local when you need us and global when it counts.

Learn more about Traka and its full line of key and asset management solutions for nearly every industry sector at www.traka.com.

Contacts

cobarski@daltonagency.com

Green Street Expands Globally into Canada with Research and News

July 2, 2024 By Business Wire

Firm’s First Dedicated Team in Canada Includes Research Head Fred Blondeau and Six News Reporters Covering the Country




NEWPORT BEACH, Calif.–(BUSINESS WIRE)–#GreenStreet—Green Street, the preeminent provider of commercial real estate intelligence, is expanding its near 40 years of trusted expertise and unbiased insights into Canada. Green Street’s new Canada coverage will include exclusive News as well as Research and Data/Analytics, initially focused on the public market with a plan for private market data and insights to follow.

The Canada Research offering will ultimately include coverage of approximately 15 REITs operating in five property sectors – Apartment, Industrial, Senior Housing, Office, and Retail – with a report suite comparable to the U.S. and Europe models within Green Street’s SaaS platform. REIT data will include weekly pricing sheets, Buy/Hold/Sell recommendations, detailed NAV models, and data downloads with 75+ portfolio earnings and valuation metrics including 5-year earnings forecasts. The research and data product will ultimately expand to cover 10 private markets as well.

“We’re thrilled to have on board Fred Blondeau and Gaurav Mathur to lead our Canadian research, bringing their 30+ years of commercial real estate experience in Canada to further enhance our industry leading global research team,” said Cedrik Lachance, Director of Research. “Combining the analysts’ deep market expertise with Green Street’s independence, proprietary methodologies, and a proven track record – enables us to launch a differentiated product that adds value to the growing market and helps our clients generate alpha.”

Green Street News – Canada Edition delivers comprehensive bulletins with exclusive scoops and market intelligence from an esteemed team of journalists located across Canada reporting on all key property sectors and asset classes. T.J. Foderaro, Editor-in-Chief of Green Street’s News division, will oversee the firm’s 50+ global editorial team including: Jenna Cocullo (Montreal/Quebec all sectors), Zoe Demarco (Toronto Office & Hotels), Rahul Gupta (Toronto Industrial, Data Centres & Self-Storage), Laura Hanrahan (Toronto Multifamily & Retail), Matt Lamers (Toronto Financing & Industrial), and Jeremy Nuttall (Vancouver, Calgary & Edmonton all sectors).

Jeffry Stuek, Jr., Chief Executive Officer, said, “Our presence in Canada is an exciting milestone for Green Street’s global expansion strategy. Our added insight, innovation, and capabilities will help us deliver on our mission to empower the global commercial real estate industry and expand our industry leading insight to continue providing value to our growing customer base.”

For additional information on Green Street’s new Canada coverage, click here for more product details or watch this brief clip to hear from Chief Revenue Officer, Kris Hoffman.

About Green Street

Green Street is the preeminent provider of actionable commercial real estate research, news, data, analytics, and advisory services in the U.S., Canada, and Europe. For nearly 40 years, Green Street has delivered unparalleled intelligence and trusted data on the public and private real estate markets, helping investors, banks, lenders, and other industry participants optimize investment and strategic decisions. The firm delivers exclusive market information, conclusion-driven insights, and predictive analytics through a SaaS platform. To learn more, please visit www.greenstreet.com.

Contacts

Media Contact
media@greenstreet.com
(949) 640-8780

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