TORONTO, Dec. 29, 2021 /CNW/ – George Weston Limited (“George Weston” or the “Company”) (TSX: WN) today announced the closing of the previously announced sale of its Weston Foods ambient bakery business to affiliated entities of Hearthside Food Solutions, LLC (“Hearthside”). With the sale of the ambient bakery business to Hearthside, and the previously announced completed… [Read More]
H&R REIT Announces Receipt of Final Order and CRA Ruling in respect of Primaris Spin-Off; Timing for “Due Bill” Trading of H&R Units
Closing Date of Spin-Off to occur on December 31, 2021 TORONTO, Dec. 23, 2021 /CNW/ – H&R Real Estate Investment Trust (“H&R” or “the REIT”) (TSX: HR.UN) today announced that the previously announced spin-off of its Primaris properties including all of its enclosed malls to a new stand-alone, publicly traded real estate investment trust (“Primaris… [Read More]
COURT APPROVES PLAN OF ARRANGEMENT FOR ACQUISITION OF COMINAR
QUÃBEC CITY, Dec. 23, 2021 /CNW Telbec/ – Cominar Real Estate Investment Trust (“Cominar” or the “REIT“) (TSX: CUF.UN) today announced that the Superior Court of Québec has issued a final order approving the previously announced Plan of Arrangement, pursuant to which all of Cominar’s issued and outstanding Units will be acquired for $11.75 per Unit… [Read More]
Summit Industrial Income REIT Continues to Grow GTA Development Pipeline
TORONTO, Dec. 22, 2021 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) announced today that it has waived conditions and will acquire a 12-acre parcel of development-ready land well-located at the intersection of Appleby Line and Highway 407 in the Greater Toronto Area (“GTA”). The land site has the potential to develop… [Read More]
BTB Announces it Has Waved Conditions for the Acquisition of 9 High-Quality Industrial Properties and 1 Office Property in Western Canada for $94 Million
The portfolio to be acquired is composed of 9 industrial properties containing 406,818 square feet of gross leasable area (“GLA“) and 1 office property with a GLA of 14,475 square feet; This acquisition will be immediately accretive to BTB’s Funds From Operations per unit (“FFO“); The properties are 100% occupied with reputable national clients, operating… [Read More]
NexLiving Communities completes acquisition of 156 unit, 7 building portfolio in Riverview, NB and announces early repayment of convertible debenture
HALIFAX, NS, Dec. 22, 2021 /CNW/ – NexLiving Communities Inc. (TSXV: NXLV) (“NexLiving” or the “Company”) announced today that it has completed the previously announced acquisition of 156 units in Riverview, NB (“Whitepine & Cleveland“) for $21.3 million. Whitepine & Cleveland is comprised of seven two-story buildings (529/539/545/625 Whitepine Ave and 1008/1020/1037 Cleveland Ave), which… [Read More]
BOARDWALK REIT ANNOUNCES SALE OF NON-CORE ASSET AND SPECIAL NON-CASH DISTRIBUTION
CALGARY, AB, Dec. 21, 2021 /CNW/ – Boardwalk Real Estate Investment Trust (TSX: BEI.UN) Boardwalk Real Estate Investment Trust (“Boardwalk”, the “REIT” or the “Trust”) announces that on December 15, 2021, the Trust closed on the sale of a non-core, 180-unit asset in Saskatoon, SK. Reid Park is a 3-storey wood frame walk-up community located… [Read More]
BTB Announces the Sale of a Retail Property Located in Brossard, Québec
MONTRÃAL, Dec. 21, 2021 /CNW Telbec/ – BTB Real Estate Investment Trust (TSX: BTB.UN) (“BTB” or the “REIT“) announces the sale of a retail property located at 2340 Lapinière in Brossard, Québec. Located on the South Shore of Montréal, the property was acquired by BTB in October 2007 for a total consideration of $3.5 million,… [Read More]
LANESBOROUGH REIT ANNOUNCES THE ADJOURNMENT OF ITS PREVIOUSLY ANNOUNCED SPECIAL MEETING OF DEBENTUREHOLDERS
WINNIPEG, MB, Dec. 21, 2021 /CNW/ – Lanesborough Real Estate Investment Trust (“LREIT“) (TSXV: LRT.UN) announces that the holders (“Debentureholders“) of its outstanding 5.00% Series G redeemable subordinated secured debentures due June 30, 2022 (the “Debentures“) passed a motion at the special meeting of the Debentureholders held today (the “Meeting“) adjourning the Meeting until January… [Read More]
MCAN MORTGAGE CORPORATION ANNOUNCES INSIDER PARTICIPATION IN RECENTLY COMPLETED RIGHTS OFFERING
/NOT FOR DISTRIBUTION OR DISSEMINATION INTO THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/ TORONTO, Dec. 21, 2021 /CNW/ – MCAN Mortgage Corporation (“MCAN”, the “Company” or “we”) (TSX: MKP) today announced additional information regarding the participation of insiders of MCAN in the rights offering of the Company that expired on December 8, 2021 (the “Rights Offering”)…. [Read More]
Starlight U.S. Residential Fund Completes Acquisition of Class “A” Institutional Quality Multi-Family Property in Austin, Texas
Not for distribution to U.S. newswire services or for dissemination in the United States. TORONTO, Dec. 21, 2021 /CNW/ – Starlight U.S. Residential Fund (TSXV: SURF.A) (TSXV: SURF.U) (the “Fund“) announced today that, further to its initial announcement dated December 14, 2021, it has acquired Emerson at Buda (“Emerson“), a Class “A” institutional quality multi-family property… [Read More]
COMINAR UNITHOLDERS APPROVE ACQUISITION BY CANDEREL-LED CONSORTIUM
QUÃBEC CITY, Dec. 21, 2021 /CNW Telbec/ – Cominar Real Estate Investment Trust (“Cominar” or the “REIT“) (TSX: CUF.UN) today announced that holders (the “Unitholders“) of units of Cominar (the “Units“) have approved the proposed arrangement (the “Arrangement“) pursuant to which all of Cominar’s issued and outstanding Units would be acquired for $11.75 per Unit in cash… [Read More]
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