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Content tagged with: Transactions

RioCan, First Gulf sell T.O.’s Kennedy Commons shopping centre

Don Wilcox Commercial Transactions Toronto / GTA Nov. 2 2021

RioCan REIT (REI-UN-T) and co-owner First Gulf have an agreement to sell the open-air Kennedy Commons shopping centre in Toronto’s East End to an unnamed “local private investor” for $215 million. The announcement was made Tuesday morning in a statement

H&R REIT to undergo multi-billion-dollar transformation

Don Wilcox Commercial Transactions National Oct. 27 2021

UPDATED WITH QUOTES: H&R REIT plans to undergo a massive repositioning to move from being a diversified REIT into a growth-oriented trust focused on the multiresidential and industrial sectors. It also plans to invest heavily on its extensive development pipeline.

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