trending Market Intelligence /marketintelligence/en/news-insights/trending/osljqph1gqluoxawwzpt1w2 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

Granite REIT to sell 2 properties to Magna International for US$207M

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


Granite REIT to sell 2 properties to Magna International for US$207M

Granite REIT is selling its two remaining special purpose properties in the United States to subsidiaries of auto parts manufacturer Magna International Inc. for about US$207 million.

The buyers exercised their rights of first refusal to purchase the properties in Piedmont, S.C., and Clinton, Tenn., in response to a third party offer.

The properties spread across nearly 1.6 million square feet and generate net operating income of approximately US$14.2 million.

Pro forma, the sale will reduce the Canadian real estate investment trust's exposure to Magna to 49% based on gross leasable area, Granite CEO Michael Forsayeth said in a release.

The transaction is expected to close in the third quarter, subject to certain conditions.