trending Market Intelligence /marketintelligence/en/news-insights/trending/ewlrcqvvy5carqw7gkjmtw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Summit Industrial to spend C$37M on Ontario logistics facility purchase

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Summit Industrial to spend C$37M on Ontario logistics facility purchase

Summit Industrial Income REIT will pay C$36.6 million, or C$99 per square foot, to buy a 369,500-square-foot single-tenant logistics facility in Oshawa, Ontario, from an undisclosed seller, representing a roughly 5.6% going-in capitalization rate.

A North American logistics company occupies the building under a lease that it extended for a five-year term starting Jan. 8, according to a release.

The Canadian industrial landlord will satisfy the consideration through the issuance of 1,005,780 exchangeable units, worth approximately C$8.7 million, and cash from its operating facility.

Upon closing, slated for Aug. 15 at the latest, a Summit Industrial subsidiary will issue the exchangeable units along with related special voting units of the real estate investment trust, subject to customary conditions. At the holder's option, the exchangeable units will be exchangeable into Summit Industrial trust units on a 1-for-1 basis and account for an approximate 1.2% interest in the company on an "as exchanged" basis.