Tuesday, January 5, 2021
12:03 PM EST – RioCan Real Estate Investment Trust : Announced the completion of three transactions including the introduction of two new partners and the unwinding of a former partnership as follows: A new 50/50 partnership with Fieldgate Urban for a mixed-use condominium development with the combination of respective properties along Bloor Street West in Toronto’s Kingsway neighbourhood; A new 50/50 co-ownership with Broccolini Real Estate Group with the sale of a 50% interest in RioCan’s mixed-used development of its RioCan Centre Kirkland in Montreal; and The dissolution of a co-ownership with Talisker Corporation with RioCan’s acquisition of the remaining 50% interest in the development component of the Queensway property in Toronto and the disposition of its 50% interest in the Cineplex component of the property. RioCan Real Estate Investment Trust
(T.REI.UN ) shares were up $0.22 at 16.64.
Stocks in Play: RioCan Real Estate Investment Trust, Tue, 05 Jan 2021 12:15:12 EST