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Summit Industrial Income REIT Announces Acquisition of Montreal Industrial Property and Net Zero Carbon Expansion Project

February 23, 2022 By NewsWire Tagged With: TSX:SMU.UN

TORONTO, Feb. 23, 2022 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) announced today that it has waived conditions and will acquire a 226,000 square foot industrial building combined with a 150,000 square foot industrial expansion project in Pointe Claire, Quebec on the west side of Montreal. Summit will pay $95.6 million… [Read More]

StorageVault Reports Fiscal 2021 Annual Results; Highlighting Exceptional Growth in NOI and FFO, $270.2 Million in Acquisitions; Provides 2022 Outlook; Increases Dividend

February 23, 2022 By Globenewswire Tagged With: TSX-V:SVI, TSX:SVI

TORONTO, Feb. 23, 2022 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault” or the “Corporation”) (SVI-TSX) today reported the Corporation’s full year 2021 audited results. Iqbal Khan, Chief Financial Officer, commented: “Strong fundamentals combined with the disciplined execution by our team resulted in exceptional same store performance, with 18.4% year over year increase in revenue and… [Read More]

PropTech Unicorn “Pacaso” Selects RESAAS to Expand Luxury Second Home Offering

February 23, 2022 By NewsWire Tagged With: TSX VENTURE:RSS

VANCOUVER, BC, Feb. 23, 2022 /CNW/ – RESAAS Services Inc. (TSX-V: RSS, OTCQB: RSASF), (“RESAAS” or the “Company”), a technology platform for the real estate industry, today announced a marketing partnership with Pacaso, a technology-enabled second home marketplace, to provide Real Estate Agents with access to luxury homes for their clients interested in co-ownership. Pacaso modernizes real… [Read More]

RioCan Real Estate Investment Trust outlines clear ambition and presents five-year growth targets at its 2022 Virtual Investor Day

February 23, 2022 By Globenewswire Tagged With: TSX:REI.UN

TORONTO, Feb. 23, 2022 (GLOBE NEWSWIRE) — Today, at its 2022 Virtual Investor Day, RioCan Real Estate Investment Trust (“RioCan” or the “Trust”) (TSX: REI.UN) will present “Quality & Growth”, its 2022–2026 strategic roadmap with new five-year financial growth targets. “RioCan has a clear strategy to capitalize on our best-in-class properties, embedded development pipeline, and… [Read More]

MCAN MORTGAGE CORPORATION ANNOUNCES 2021 RESULTS AND INCREASES ITS REGULAR CASH DIVIDEND NEARLY 6% AND DECLARES A $0.97 SPECIAL STOCK DIVIDEND

February 23, 2022 By NewsWire Tagged With: TSX:MKP

TORONTO, Feb. 23, 2022 /CNW/ – MCAN Mortgage Corporation (“MCAN”, the “Company” or “we”) (TSX: “MKP”) reported net income of $16.1 million ($0.57 earnings per share) for the fourth quarter of 2021, a decrease from net income of $22.1 million ($0.89 earnings per share) in the fourth quarter of 2020 primarily due to an expected decrease… [Read More]

Lafarge and PCL Maximize Use of Sustainable Products in Repowering Project

February 23, 2022 By Business Wire

Alberta producers collaborate to reduce CO2 in construction

EDMONTON, Alberta–(BUSINESS WIRE)–#CO2reduction–From the outside looking in, the Genesee Generating Station just west of Edmonton is a key provider for thousands of Albertans who need reliable power. But there’s more to the project, thanks to an industry-leading collaboration between the project’s constructor, PCL, and Lafarge Canada.

“Lafarge brought ECOPact to the table,” says Chris Pullen, vice president and general manager, Edmonton Industrial Management, at PCL. “We knew it was exactly what our client would want to see going into the project.”

ECOPact is Lafarge’s greenest and lowest-carbon concrete and is positioned to be a game-changer for construction across Canada. “It has the same performance and quality that we’ve always provided in our concretes,” explains Prez Skiba, vice president and general manager for Lafarge in Northern Alberta. “The difference is that now we can reduce the carbon emissions that go into its manufacturing.”

The partners in the project benefited with emissions reductions beyond their initial targets. “Lafarge understood the performance requirements our engineers had identified,” says Pullen. “A project this size had many specific requirements. So to hit the emissions reduction targets that Lafarge proposed, we needed to ensure that we didn’t compromise on any of them.”

“The original concrete proposed was already a low carbon design, with emissions lower than standard concrete, but we knew we could take it further,” says Skiba. “We brought in further emissions reductions with our ECOPact design, and we were able to reduce embodied CO2 by an additional 20%. That’s 20% over and above the original design, which already offered a 20% reduction. The combined 40% CO2 reduction is equivalent to the energy used by 70 single houses in one year.”

Lafarge’s Quality Assurance team, conveniently located nearby at Lafarge’s Western Canada Innovation Centre, achieved both PCL’s strength and performance targets while maximizing CO2 emissions reductions. Thanks to its global network of research and development facilities, Lafarge optimizes cement content by customizing blends and including upcycled construction and demolition materials.

The customized blend on this project was built on the circular partnership between Lafarge and PCL. “Power generation creates fly-ash byproducts,” explains Skiba. “But with ECOPact, we can seize those byproducts and use them in the concrete, keeping them out of the landfill, decreasing embedded carbon and keeping the circular economy going.”

“We have a shared responsibility to maximize the circular economy whenever we can. Instead of sending fly ash from power generation to a landfill, we have an opportunity to use it right here in our own operations. It’s in line with the sustainability goals we have as a team,” shares Pullen.

Both partners – two of Alberta’s largest employers – see this as one of many future innovations. “We’re construction specialists and solution providers,” says Pullen, “and we’re also innovators. We aren’t afraid to push the limits of what’s possible while delivering the expertise and quality that our clients have come to expect from us.”

“We’ve got to challenge ourselves and think outside the box,” shares Skiba. “Having partners like PCL who are open to using new technologies is essential for us to change the way that we’re building. ECOPact is just one example of how we can maximize the circular economy, collaborate, and find lower carbon solutions. We’re not stopping now – building sustainably is what we do.”

About Lafarge Canada Inc.

Lafarge is Canada’s largest provider of sustainable construction materials and a member of the global group, Holcim. With 6,000 employees and 350 sites across Canada, our mission is to provide construction solutions that build better cities and communities. The cities where Canadians live, work and raise their families along with the community’s infrastructure benefit from the solutions provided by Lafarge consisting of aggregates, asphalt and paving, cement, precast concrete, ready-mix concrete, and road construction. www.lafarge.ca

About PCL Construction

PCL is a group of independent construction companies that carries out work across Canada, the United States, the Caribbean and in Australia. These diverse operations in the civil infrastructure, heavy industrial and buildings markets are supported by a strategic presence in more than 30 major centers. Together, these companies have an annual construction volume of $9 billion, making PCL the largest contracting organization in Canada and one of the largest in North America. Watch us build at PCL.com.

Contacts

Media

Jill Truscott

Communications Manager

Lafarge Canada Inc.

Tel: (403) 354-5063

jill.truscott@lafargeholcim.com

Parkit completes acquisition of Two Industrial Assets for $17,000,000; Leasing Update and Change in Auditor

February 22, 2022 By Globenewswire Tagged With: TSX-V:PKT

TORONTO, Feb. 22, 2022 (GLOBE NEWSWIRE) — Parkit Enterprise Inc. (“Parkit” or the “Company”) (TSXV: PKT), is pleased to announce that, further to its January 4th, 2022 news release, it has completed the acquisition of two industrial assets from two vendor groups (collectively, the “Vendors”) for an aggregate purchase price of $17,000,000, subject to customary… [Read More]

BENEFICIAL OWNERSHIP DISCLOSURE BY UNITHOLDERS OF STARLIGHT WESTERN CANADA MULTI-FAMILY (NO. 2) Fund

February 22, 2022 By NewsWire Tagged With: TSX VENTURE:SCPO.UN

/NOT FOR DISSEMINATION IN THE UNITED STATES/ TORONTO, Feb. 22, 2022 /CNW/ – Daniel Drimmer announced today that in connection with the initial public offering (the “Public Offering“) of Starlight Western Canada Multi-Family (No. 2) Fund (the “Fund“) on February 22, 2022, he acquired, through D.D. Acquisitions Partnership (“DDAP“), beneficial ownership of 600,000 class C… [Read More]

Allied Announces Renewal of Normal Course Issuer Bid

February 22, 2022 By Globenewswire Tagged With: TSX:AP-UN.TO, TSX:AP.UN

This news release constitutes a “designated news release” for the purposes of Allied’s prospectus supplement dated November 12, 2021, to its short form base shelf prospectus dated June 2, 2021, as amended on November 11, 2021. TORONTO, Feb. 22, 2022 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (“Allied”) (TSX:AP.UN) today announced that it… [Read More]

PROREIT ANNOUNCES APPOINTMENT OF CHRISTINE POUND TO BOARD OF TRUSTEES

February 22, 2022 By NewsWire Tagged With: TSX:PRV

MONTREAL, Feb. 22, 2022 /CNW Telbec/ – PRO Real Estate Investment Trust (“PROREIT” or the “REIT”) (TSX: PRV) is pleased to announce the appointment of Christine Pound, ICD.D, to its Board of Trustees, effective immediately. “We are pleased to welcome Christine Pound to our Board. A highly respected corporate lawyer, she brings a wealth of… [Read More]

COMINAR ANNOUNCES RECEIPT OF INVESTMENT CANADA APPROVAL IN RESPECT OF ASSETS TO BE ACQUIRED BY BLACKSTONE, MARCH 1st, 2022, CLOSING DATE AND FEBRUARY DISTRIBUTION

February 21, 2022 By NewsWire Tagged With: TSX:CUF.UN

QUÉBEC CITY, Feb. 21, 2022 /CNW Telbec/ – Cominar Real Estate Investment Trust (“Cominar” or the “REIT”) (TSX: CUF.UN) today announced the receipt of the approval under the Investment Canada Act in respect of the acquisition of Cominar’s industrial portfolio by Blackstone, pursuant to the previously announced plan of arrangement transaction that was approved by the… [Read More]

Primaris Real Estate Investment Trust Financial Results Release Date, Webcast and Conference Call

February 21, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–Primaris Real Estate Investment Trust (TSX: PMZ.UN) (“Primaris” or “Primaris REIT”) will be releasing its financial results for the quarter ended December 31, 2021, on Friday, March 4, 2022, after the market closes. Senior leadership will be hosting a conference call, webcast and presentation on March 7, 2022.

Conference Call:

Date:

Monday, March 7, 2022, at 10:00 a.m. (ET)

Dial:

For Canada please dial: 1-833-950-0062

 

For International please dial: 1-929-526-1599

Passcode:

439910

Webcast:

Link: Please go to the Investor Relations section on Primaris’ website or click here.

The call will be accessible for replay until March 21, 2022, by dialing 1-226-828-7578 with access code 646604, or on the Investor Relations section of the website.

About Primaris REIT

Primaris REIT is Canada’s only enclosed shopping centre focused REIT, with ownership interests primarily in dominant enclosed shopping centres in growing markets. The portfolio totals 11.4 million square feet and is valued at approximately $3.2 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris REIT 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.

Contacts

Alex Avery

Chief Executive Officer

416-642-7837

aavery@primarisreit.com

Rags Davloor

Chief Financial Officer

416-645-3716

rdavloor@primarisreit.com

TSX: PMZ.UN

www.primarisreit.com
www.sedar.com

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