by creitadmin on September 30, 2008
WINNIPEG – Huntingdon Real Estate Investment Trust (TSX:HNT.UN), a Winnipeg-based property trust, says it has sold properties in Winnipeg and Red Deer, Alta. for $11.3 million.
The total gain on the two property sales totals $1.5 million, with $4.8 million in net cash proceeds after repaying the mortgage.
The trust, which put itself up for sale during the summer, owns 79 income producing office, industrial, retail and standalone parking lot properties in Manitoba, Ontario, Saskatchewan, Alberta, British Columbia and the Northwest Territories.
by creitadmin on September 23, 2008
Jul 22, 2008 04:30 AM
http://www.thestar.com/Business/article/464553
RioCan Real Estate Investment Trust, Canada’s largest shopping mall owner, says a retail partnership it’s part of has sold a 20 per cent stake in the Quartier Dix30 retail complex near Montreal to a unit of the Hydro Quebec Pension Fund. Financial terms of yesterday’s deal were not revealed.
RioCan said the buyer of the 20 per cent stake from original partner Devimco Inc. was a numbered company, 2946-8964 Quebec Inc. The buyer is part of the Hydro Quebec pension fund, resulting in a restructuring of the co-ownership partnership of the retail property. RioCan will continue to own 50 per cent of the Quartier Dix30 complex, a mall development in Brossard, south of Montreal.
The remaining 50 per cent will now be jointly owned by Hydro Quebec Pension Fund, with 20 per cent, the Fonds de placement immobilier BB, at 15 per cent, the Société de transport de Montréal Employees Pension Fund, at nine per cent, and the City of Quebec Employees Pension Fund, with six per cent.
RioCan is Canada’s largest real estate investment trust with a market value of $7.5 billion
