TORONTO, Sept. 21, 2022 (GLOBE NEWSWIRE) — Nexus Industrial REIT (the “REIT”) (TSX: NXR.UN) announced today the declaration of the September 2022 distribution. The REIT will make a cash distribution in the amount of $0.05333 per unit, representing $0.64 per unit on an annualized basis, payable October 14, 2022 to unitholders of record as of… [Read More]
Strategic Storage Trust VI, Inc. Acquires Storage Facility in the Greater Toronto Area
LADERA RANCH, Calif.–(BUSINESS WIRE)–Strategic Storage Trust VI, Inc. (“SST VI”), a publicly registered real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. (“SmartStop”), announced today the acquisition of an approximately 890-unit self storage facility in Burlington, Ontario, Canada. This is the 15th acquisition for SST VI and the third acquisition in the Toronto Market. Since SST VI launched in the first quarter of 2021, the REIT has purchased approximately $233.1 million of self storage facilities and land parcels to be developed into self storage.
This 6.5-acre property is located in close proximity to downtown Burlington on Plains Road East. The facility is comprised of approximately 92,400 square feet of rental space across a mix of climate-controlled, drive-up and interior units. This location is adjacent to a proposed 3.85-acre, multi-tower high-rise residential and commercial development. It is easily accessible, and viewable, from the QEW and is well-positioned to serve the Maple, Freeman, Aldershot and LaSalle neighborhoods.
“We’re excited about this strategic acquisition that will expand our presence in the Greater Toronto Area and provide top-of-the-line storage solutions to Burlington’s growing residential population,” said H. Michael Schwartz, CEO and President of SST VI. “Our strong competitive positioning and unique operational capabilities in this highly attractive market will continue to drive stockholder value.”
About Strategic Storage Trust VI, Inc. (SST VI):
SST VI is a Maryland corporation that intends to qualify as a REIT for federal income tax purposes. SST VI’s primary investment strategy is to invest in income-producing and growth self storage facilities and related self storage real estate investments in the United States and Canada. As of September 20, 2022, SST VI has a portfolio of 13 operating properties in the United States comprising approximately 8,000 units and 840,000 rentable square feet; one property with approximately 890 units and 92,400 rentable square feet in Toronto, Ontario; and joint venture interests in two development properties in Toronto, Ontario.
About SmartStop Self Storage REIT, Inc. (SmartStop):
SmartStop Self Storage REIT, Inc. (“SmartStop”) is a self-managed REIT with a fully integrated operations team of approximately 450 self storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, is the sponsor of SST VI and also sponsors other self storage programs. As of September 20, 2022, SmartStop has an owned or managed portfolio of 175 operating properties in 22 states and Ontario, Canada, comprising approximately 120,000 units and 13.6 million rentable square feet. SmartStop and its affiliates own or manage 20 operating self storage properties in the Greater Toronto Area, which total approximately 17,050 units and 1.7 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com.
Contacts
David Corak
VP of Corporate Finance
SmartStop Self Storage REIT, Inc.
IR@smartstop.com
Strategic Storage Trust VI, Inc. Acquires Storage Facility in the Greater Toronto Area
LADERA RANCH, Calif.–(BUSINESS WIRE)–Strategic Storage Trust VI, Inc. (“SST VI”), a publicly registered real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. (“SmartStop”), announced today the acquisition of an approximately 890-unit self storage facility in Burlington, Ontario, Canada. This is the 15th acquisition for SST VI and the third acquisition in the Toronto Market. Since SST VI launched in the first quarter of 2021, the REIT has purchased approximately $233.1 million of self storage facilities and land parcels to be developed into self storage.
This 6.5-acre property is located in close proximity to downtown Burlington on Plains Road East. The facility is comprised of approximately 92,400 square feet of rental space across a mix of climate-controlled, drive-up and interior units. This location is adjacent to a proposed 3.85-acre, multi-tower high-rise residential and commercial development. It is easily accessible, and viewable, from the QEW and is well-positioned to serve the Maple, Freeman, Aldershot and LaSalle neighbourhoods.
“We’re excited about this strategic acquisition that will expand our presence in the Greater Toronto Area and provide top-of-the-line storage solutions to Burlington’s growing residential population,” said H. Michael Schwartz, CEO and President of SST VI. “Our strong competitive positioning and unique operational capabilities in this highly attractive market will continue to drive stockholder value.”
About Strategic Storage Trust VI, Inc. (SST VI):
SST VI is a Maryland corporation that intends to qualify as a REIT for federal income tax purposes. SST VI’s primary investment strategy is to invest in income-producing and growth self storage facilities and related self storage real estate investments in the United States and Canada. As of September 20, 2022, SST VI has a portfolio of 13 operating properties in the United States comprising approximately 8,000 units and 840,000 rentable square feet; one property with approximately 890 units and 92,400 rentable square feet in Toronto, Ontario; and joint venture interests in two development properties in Toronto, Ontario.
About SmartStop Self Storage REIT, Inc. (SmartStop):
SmartStop Self Storage REIT, Inc. (“SmartStop”) is a self-managed REIT with a fully integrated operations team of approximately 450 self storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, is the sponsor of SST VI and also sponsors other self storage programs. As of September 20, 2022, SmartStop has an owned or managed portfolio of 175 operating properties in 22 states and Ontario, Canada, comprising approximately 120,000 units and 13.6 million rentable square feet. SmartStop and its affiliates own or manage 20 operating self storage properties in the Greater Toronto Area, which total approximately 17,050 units and 1.7 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com.
Contacts
David Corak
VP of Corporate Finance
SmartStop Self Storage REIT, Inc.
IR@smartstop.com
Harden and Walmart Canada investing to build 457,000 square foot fulfillment centre at Le Campus Henry Ford in Vaudreuil-Dorion, Quebec
VAUDREUIL-DORION, Quebec–(BUSINESS WIRE)–Harden and Walmart Canada announced today their plans to build Walmart’s Quebec fulfillment centre, located in Vaudreuil-Dorion. The ±457,000 square foot building is part of Harden’s new industrial park, Le Campus Henry Ford, with Walmart Canada as its first tenant. The new facility, currently slated to open in 2024, will offer better product availability and quicker service for Walmart’s customers.
“We’re extremely excited to be working with Walmart on this project” said Tyler and Chris Harden, Co-Chief Executive Officers of Harden. “This fulfillment centre is a testament to the commitment and belief Walmart Canada has to the market of Vaudreuil-Dorion and to the province of Quebec. We are thrilled to see this market flourish as a logistic hub and continue to be rooted by our values of continued growth in the communities we work in.”
“This important investment is the latest example of Walmart’s commitment to Quebec,” said Cyrille Ballereau, Walmart Canada Regional Vice President for Quebec. “We are investing for growth in Quebec and creating jobs for Quebecers to better serve our customers. Quebecers will see refreshed stores, quicker service and more options available in-store and online. When Quebecers choose Walmart, they are choosing to support a retailer that supports Quebecers.”
Quebec fulfillment centre
- The Quebec fulfillment centre, to be located in Vaudreuil-Dorion, will be approximately 457,000 square feet in size, serving as a delivery hub for millions of customer orders in Quebec and Atlantic Canada.
- The facility will be powered by cutting-edge logistics technology to achieve productivity with less physical effort by using innovative technology.
- This platform will speed up order fulfillment through an advanced operating system that will help associates store, pick and sort items by using smart and flexible storage abilities to manage a large and wide variety of inventory.
- Capable of shipping 20 million items annually from the facility to local customers.
- Capable of storing 500,000 items to fulfil direct to home and in-store pickup orders.
- Designed to optimize packaging, minimize waste and reduce transportation costs.
- Creating approximately 225 new jobs in Quebec, plus construction and engineering jobs.
- Individuals can apply for jobs at the fulfillment centre at https://careers.walmart.ca/.
“We know these are challenging times for our customers. That’s why we are proud to be making significant investments in Canada to deliver the very best shopping experience,” said JP Suarez, Executive Vice President, Chief Administration Office and Regional CEO for Walmart International, who is also leading Walmart Canada on an interim basis. “We are building a better Walmart Canada to help more Canadians save money and live better. As the cost of living rises, Canadians can trust Walmart to be that convenient, one-stop shop for everyday low prices.”
Walmart Canada is the first tenant at Le Campus Henry Ford, located in Harden’s new industrial park in Vaudreuil-Dorion, which is easily accessible by Highways 20, 30 and 40 and strategically located to cater to the Quebec and Atlantic markets, in addition to the northeastern United States.
Le Campus Henry Ford features five additional buildings to be constructed and available rental spaces totalling approximately 500,000 square feet for prestige and logistic uses, with a specific focus on fulfillment and distribution centres.
For more details regarding Le Campus Henry Ford, ongoing Harden projects or the brand, please visit https://www.harden.ca/.
Harden
Established in 1985, Harden is a second-generation family-owned real-estate company whose primary objective is to own and operate commercial, residential, and industrial properties in numerous communities throughout the provinces of Québec and Ontario. Its vertical integration allows it to specialize in all facets of the real-estate development process, including development, construction, leasing, and property management.
For more information on Harden, visit www.harden.ca.
About Walmart Canada
Walmart Canada operates a chain of more than 400 stores nationwide serving 1.5 million customers each day. Walmart Canada’s flagship online store, Walmart.ca, is visited by more than 1.5 million customers daily. With more than 100,000 associates, Walmart Canada is one of Canada’s largest employers and is ranked one of the country’s top 10 most influential brands. Walmart Canada was recently recognized as a LinkedIn Top Company of 2022 and was also named one of Canada’s most popular brands (based on Google searches). Walmart Canada has made a commitment to regeneration – focusing on equitable opportunity, sustainability, community, ethics and integrity. Since 1994, Walmart Canada has raised over $500 million to support communities across Canada. Additional information can be found at walmartcanada.ca and on Walmart Canada’s social media pages – Facebook, Twitter, Instagram and LinkedIn.
Contacts
Media Contacts :
Tia Giannone
Torchia Communications
514-999-1732
tia@torchiacom.com
Penelope Carreau
Torchia Communications
514-984-6123
Penelope@torchiacom.com
Fisker and Wallbox Partner Globally for Home EV Charging Solutions
- Wallbox is Fisker’s global partner for home EV charging solutions
- Wallbox home chargers will be available for purchase in U.S., Canada, and Europe through the Fisker website
- Wallbox will offer installation services in Europe and North America
LOS ANGELES–(BUSINESS WIRE)–#EVs–Fisker Inc. (NYSE: FSR) (“Fisker”) – passionate creator of the world’s most sustainable electric vehicles and advanced mobility solutions – and Wallbox (NYSE: WBX), a leading provider of electric vehicle and energy management solutions worldwide, name Wallbox as Fisker’s global partner for home EV charging solutions.
Fisker and Wallbox are partnering to offer Fisker EV owners Wallbox home EV chargers for purchase through the Fisker website in the U.S., Canada, and European launch markets. The Pulsar Plus, Wallbox’s best-selling charger worldwide and one of the smallest smart universal EV chargers, will be available to the North American market through Fisker.
In Europe, Fisker will be the first OEM to offer Wallbox’s Pulsar Max charger, providing localized charging solutions to drivers in seven European countries. Like Pulsar Plus, Pulsar Max delivers top charging speeds and offers the full Wallbox energy management suite, including solar charging, so users can enjoy their EVs to the fullest.
Both chargers display customized Fisker and Wallbox logos and can be installed in homes, offices, and multi-unit dwellings to provide straightforward and efficient charging.
“Fisker is laser-focused on giving our customers simple and intuitive technology combined with clever design to make owning an EV easier. Together with Wallbox, we are providing class-leading, competitively priced chargers for Fisker owners,” Chairman and CEO Henrik Fisker said. “Wallbox’s track record of delivering well-designed, innovative, and dependable charging systems on a global scale makes the partnership a perfect fit for our customers and our business.”
“Making home charging accessible is key to accelerating the transition to EVs globally, and partnering with Fisker will allow us to support more drivers as they make the transition,” said Douglas Alfaro, General Manager of Wallbox North America. “There is a natural alignment between our two brands, so we are excited to announce our partnership with Fisker.”
Fisker and Wallbox also plan to offer home installation services provided by Wallbox in Europe. In the U.S. and Canada, installation services will be provided by COIL, a recent Wallbox acquisition.
Wallbox Pulsar Plus smart chargers will be available to Fisker Ocean reservation holders starting November 2022 in the U.S. and Canada. Wallbox Pulsar Max smart chargers will be available to Fisker Ocean reservation holders starting November 2022 in our European launch markets: Austria, Denmark, France, Germany, Norway, Sweden, and The United Kingdom. Pricing to be announced.
The Fisker Ocean, Fisker’s ground-breaking all-electric SUV, is available in three trim levels: Extreme, Ultra, and Sport. The top trim Fisker Ocean Extreme travels 350 miles1 on a single charge, with dual-motor, all-wheel-drive, three driving modes, Revolve 17.1″ rotating screen, SolarSky roof, California Mode, Smart Traction, and many first-to-market safety features, including the world’s first digital radar, all for $68,9992 in the U.S.
Production of the Fisker Ocean is on track for November 17, 2022, at a carbon-neutral factory in Graz, Austria. Deliveries to customers will begin shortly after.
About Fisker Inc.
California-based Fisker Inc. is revolutionizing the automotive industry by developing the most emotionally desirable and eco-friendly electric vehicles on Earth. Passionately driven by the vision of a clean future for all, the company is on a mission to become the No. 1 e-mobility service provider with the world’s most sustainable vehicles. To learn more, visit www.FiskerInc.com – and enjoy exclusive content across Fisker’s social media channels: Facebook, Instagram, Twitter, YouTube, and LinkedIn.
About Wallbox
Wallbox is a global company, dedicated to changing the way the world uses energy in the electric vehicle industry. Wallbox creates smart charging systems that combine innovative technology with outstanding design and manage the communication between vehicle, grid, building and charger. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public and public use in more than 100 countries. Founded in 2015, with headquarters in Barcelona, Wallbox’s mission is to facilitate the adoption of electric vehicles today to make more sustainable use of energy tomorrow. The company employs approximately 1,100 people in Europe, Asia, and the Americas.
For additional information, please visit www.wallbox.com.
Fisker Forward-Looking Statements
This press release includes forward-looking statements, which are subject to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “feel,” “believes,” expects,” “estimates,” “projects,” “intends,” “should,” “is to be,” or the negative of such terms, or other comparable terminology and include, among other things, the quotation of our CEO, the timing of the availability of smart chargers, the statements regarding the planned launch timing and delivery, pricing and estimated range of the Fisker Ocean, the Company’s future performance, and other future events that involve risks and uncertainties. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors, including, but not limited to: Fisker’s limited operating history; Fisker’s ability to enter into additional manufacturing and other contracts with Magna or tier-one suppliers in order to execute on its business plan; the risk that OEM and supply partners do not meet agreed-upon timelines or experience capacity constraints; Fisker may experience significant delays in the design, manufacture, regulatory approval, launch and financing of its vehicles; Fisker’s ability to execute its business model, including market acceptance of its planned products and services; Fisker’s inability to retain key personnel and to hire additional personnel; competition in the electric vehicle market; Fisker’s inability to develop a sales distribution network; and the ability to protect its intellectual property rights; and those factors discussed in Fisker’s Annual Report on Form 10-K, under the heading “Risk Factors”, filed with the Securities and Exchange Commission (the “SEC”), as supplemented by Quarterly Reports on Form 10-Q, and other reports and documents Fisker files from time to time with the SEC. Any forward-looking statements speak only as of the date on which they are made, and Fisker undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.
1 Based on Fisker simulations. Actual results vary with conditions such as external environment and vehicle use. Official EPA and WLTP ratings are forthcoming.
2 Pricing shown is for the continental U.S. and excludes delivery, finance, and government charges. Maintenance is not included. Pricing depends upon specifications and options chosen by customers as they configure the actual vehicle closer to production. Pricing does not include various state and federal incentives and benefits which may be available.
Contacts
Photo credit: Michael Muller
Fisker Contact:
U.S. Media
Fisker@GODRIVEN360.com
European Media:
Press.europe@fiskerinc.com
Customer service:
Support@fiskerinc.com
Fisker Inc. Communications:
Matthew DeBord
Sr Director, Communications Strategy & Storytelling
mdebord@fiskerinc.com
Rebecca Lindland
Director, Communications
rlindland@fiskerinc.com
Fisker Inc. Investor Relations:
Frank Boroch
VP of Investor Relations
fboroch@fiskerinc.com
Wallbox Contact:
Public Relations:
Elyce Behrsin
Public Relations
Press@wallbox.com
+34 622 513 358
Investor Relations:
Matt Tractenberg
VP, Investor Relations
Matt.Tractenberg@wallbox.com
+1 404-574-1504
Terra Firma Capital Declares Quarterly Dividend
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, Sept. 20, 2022 (GLOBE NEWSWIRE) — Terra Firma Capital Corporation (TSX-V: TII), a real estate finance company, today announced that its Board of Directors has declared a quarterly cash dividend of CAD$0.06 per common share, payable on October 14, 2022,… [Read More]
Housing supply and affordability is a priority for a majority of Quebecers in the upcoming provincial election; Royal LePage survey
MONTREAL, Sept. 20, 2022 /CNW/ – According to a survey by Royal LePage1, conducted by the Léger firm among 1,061 Quebecers of voting age, the voting intentions of most voters in the October 3rd provincial election will be influenced by the housing policy promises of the various political parties. When respondents were asked to indicate to… [Read More]
Urbanfund Corp. Declares Dividend
TORONTO, Sept. 19, 2022 (GLOBE NEWSWIRE) — Mitchell Cohen, Chief Executive Officer and President of Urbanfund Corp. (TSX-V: UFC) (“Urbanfund” or the “Company”), announces that the Board of Directors of the Company has declared a dividend of $0.0125 per common share and $0.0125 per Series A, first preferred share for the three-month period ended September… [Read More]
BTB REIT Announces the Sale of a Retail and Office Property Located on the Island of Montreal, Quebec
MONTRÃAL, Sept. 19, 2022 /CNW Telbec/ – BTB Real Estate Investment Trust (TSX: BTB.UN) (“BTB” or the “REIT“) announces the sale of a retail and office property located at 5878-5882, Sherbrooke Street East, in Montreal, Quebec. This 10,773 square foot building was acquired in July 2007. During the strategic repositioning of BTB’s portfolio, this property… [Read More]
Granite REIT Declares Distribution for September 2022
TORONTO–(BUSINESS WIRE)–Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CDN $0.2583 per stapled unit for the month of September 2022. The distribution will be paid by Granite on Friday, October 14, 2022 to stapled unitholders of record at the close of trading on Thursday, September 29, 2022. The stapled units will begin trading on an ex-dividend basis at the opening of trading on Wednesday, September 28, 2022 on the Toronto Stock Exchange and on the New York Stock Exchange.
Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes. A qualified notice providing the breakdown of the sources of the distribution will be issued to the Depository Trust & Clearing Corporation subsequent to the record date of September 29, 2022, pursuant to United States Treasury Regulation Section 1.1446-4.
ABOUT GRANITE
Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns 139 investment properties representing approximately 57.5 million square feet of leasable area.
OTHER INFORMATION
Copies of financial data and other publicly filed documents about Granite are available through the internet on the Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval (SEDAR) which can be accessed at www.sedar.com and on the United States Securities and Exchange Commission’s Electronic Data Gathering, Analysis and Retrieval System (EDGAR) which can be accessed at www.sec.gov. For further information, please see our website at www.granitereit.com or contact Teresa Neto, Chief Financial Officer, at 647-925-7560 or Andrea Sanelli, Associate Director, Legal & Investor Services, at 647-925-7504.
Contacts
Teresa Neto
Chief Financial Officer
647-925-7560
Andrea Sanelli
Associate Director, Legal & Investor Services
647-925-7504
InterRent REIT Announces September 2022 Distributions
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
OTTAWA, Ontario–(BUSINESS WIRE)–InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that its distribution declared for the month of September 2022 is $0.0285 per Trust unit, equal to $0.3420 per Trust unit on an annualized basis. Payment will be made on or about October 17, 2022, to unitholders of record on September 30, 2022.
About InterRent
InterRent REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties.
InterRent’s strategy is to expand its portfolio primarily within markets that have exhibited stable market vacancies, sufficient suites available to attain the critical mass necessary to implement an efficient portfolio management structure, and offer opportunities for accretive acquisitions.
InterRent’s primary objectives are to use the proven industry experience of the Trustees, Management and Operational Team to: (i) to grow both funds from operations per Unit and net asset value per Unit through investments in a diversified portfolio of multi-residential properties; (ii) to provide Unitholders with sustainable and growing cash distributions, payable monthly; and (iii) to maintain a conservative payout ratio and balance sheet.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts
For further information:
Investor Relations
investorinfo@interrentreit.com
www.interrentreit.com
MARWEST APARTMENT REAL ESTATE INVESTMENT TRUST ANNOUNCES PROPOSED ACQUISITION
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ WINNIPEG, MB, Sept. 16, 2022 /CNW/ – Marwest Apartment Real Estate Investment Trust (“Marwest Apartment REIT” or the “REIT”) (TSXV: MAR.UN) is pleased to announce that it has entered into an agreement, on September 16, 2022, to purchase 153 multi-family… [Read More]
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