TORONTO, June 30, 2016 /CNW/ – InnVest Real Estate Investment Trust (“InnVest” or the “REIT”) (TSX:INN.UN) announced today it has entered into a definitive agreement, with Oxford Properties Group, to acquire the leasehold interest in the Fairmont Vancouver Airport Hotel located within Vancouver’s International Airport (YVR). The purchase price of $90.0 million or $233,000 per… [Read More]
SNC-Lavalin reaches an agreement to sell its Real Estate Facilities Management business in Canada for $45 million to Brookfield Global Integrated Solutions
MONTREAL, June 30, 2016 /CNW Telbec/ – SNC-Lavalin (TSX: SNC) is pleased to announce that it has reached an agreement to sell its non-core Real Estate Facilities Management business in Canada to Brookfield Global Integrated Solutions (“Brookfield GIS”) for $45 million, which includes facilities management, property management, realty management and related project management. The community mailboxes… [Read More]
Brookfield Global Integrated Solutions Acquires SNC-Lavalin's Canadian Real Estate Facilities Management Business
TORONTO, ONTARIO–(Marketwired – June 30, 2016) – Brookfield Global Integrated Solutions (Brookfield GIS), a leading global real estate facility management provider announced today that it is acquiring SNC-Lavalin Group Inc.’s (SNC-Lavalin) Canadian real estate facilities management (FM) business that manages multi million square feet and employs over 1,000 team members. “For over 20 years, Brookfield… [Read More]
InnVest Real Estate Investment Trust Announces Court Approval of Arrangement with Bluesky Hotels and Resorts Inc.
TORONTO, June 29, 2016 /CNW/ – InnVest Real Estate Investment Trust (“InnVest”) (TSX:INN.UN) is pleased to announce that further to yesterday’s announcement, a final order of the Alberta Superior Court of Justice (Commercial List) (the “Court”) for the approval of the plan of arrangement (the “Arrangement”), pursuant to which Bluesky Hotels and Resorts Inc. has agreed… [Read More]
MCAN Mortgage Corporation announces withdrawal of initial public offering by MCAP Corporation, including secondary offering by MCAN Mortgage Corporation
/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/ TORONTO, June 29, 2016 /CNW/ – MCAN Mortgage Corporation (“MCAN”) (TSX:MKP) today announced that MCAP Corporation (“MCAP”) has withdrawn its previously announced initial public offering of common shares (“Common Shares”) at this time due to current adverse market conditions. In connection therewith,… [Read More]
Brookfield Residential 2016 Second Quarter Results Conference Call Notice
CALGARY, ALBERTA–(Marketwired – June 29, 2016) – Brookfield Residential Properties Inc. (“Brookfield Residential” or the “Company”) today announced that its 2016 second quarter results will be released at approximately noon (EST) on Thursday, July 28, 2016. The financial results and information relating to the 2016 second quarter will be posted on the Company’s website at… [Read More]
CAPREIT Announces Timing of Second Quarter 2016 Results & Conference Call
TORONTO, ONTARIO–(Marketwired – June 29, 2016) – Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today it will issue its financial results for the three and six months ended June 30, 2016 after markets close on: Tuesday, August 9, 2016. A conference call to discuss the results hosted by Thomas Schwartz, President and… [Read More]
Northview Apartment REIT Announces Timing of 2016 Second Quarter Earnings Report
CALGARY, ALBERTA–(Marketwired – June 29, 2016) – Northview Apartment Real Estate Investment Trust (TSX:NVU.UN) will release its second quarter earnings on August 11, 2016, to be followed by a conference call on August 12, 2016, at 8:00 a.m. Mountain Time, 10:00 a.m. Eastern Time. Participating on the call will be Mr. Todd Cook (Chair), President… [Read More]
Crombie REIT announces closing of $418 million Sobeys transaction and conversion of subscription receipts
/NOT FOR DISTRIBUTION OR DISSEMINATION INTO THE UNITED STATES OR THROUGH U.S. NEWS WIRE SERVICES/ NEW GLASGOW, NS, June 29, 2016 /CNW/ – Crombie Real Estate Investment Trust (“Crombie” or the “REIT”) (TSX: CRR.UN) announced today that it has closed its previously announced $418 million purchase from wholly-owned subsidiaries of Empire Company Limited (“Empire”) of:… [Read More]
Boardwalk REIT – TSX Accepts Renewal of Normal Course Issuer Bid
CALGARY, June 29, 2016 /CNW/ – Boardwalk Real Estate Investment Trust (“BEI.UN” – TSX) Boardwalk Real Estate Investment Trust (“Boardwalk”) is pleased to announce that The Toronto Stock Exchange has accepted its notice of intention to renew its normal course issuer bid (the “Bid”). Boardwalk has 46,015,794 issued and outstanding trust units as of June… [Read More]
Empire Company Reports Fiscal 2016 Fourth Quarter and Full Year Results
STELLARTON, NS, June 28, 2016 /CNW/ – Empire Company Limited (“Empire” or the “Company”) (TSX: EMP.A) today announced financial results for its fourth quarter and full year ended May 7, 2016. In the fourth quarter, the Company recorded adjusted net earnings, net of non-controlling interest, of $95.3 million ($0.35 per diluted share) compared to $136.7… [Read More]
WPT Industrial REIT Announces US$60 Million Bought Deal Financing and US$15 Million Concurrent Private Placement
TORONTO, ONTARIO–(Marketwired – June 28, 2016) – NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES WPT Industrial Real Estate Investment Trust (TSX:WIR.U) (the “REIT”) announced today that it has entered into an agreement to sell to a syndicate of underwriters co-led by Desjardins Securities Inc., CIBC Capital Markets and RBC… [Read More]
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