trending Market Intelligence /marketintelligence/en/news-insights/trending/qfs8bekxmvkl1872t_1q7q2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
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.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

H&R REIT selling half stake in Canadian Tower for C$257M

TMT: Leading Trends And What To Watch

US Utility Commissioners: A Key Factor In Assessing Regulatory Risk

Municipal-Run Fiber Tops 280000 Subscribers In 2018

The Essential Conference 2019 Highlight Reel


H&R REIT selling half stake in Canadian Tower for C$257M

H&R Real Estate Investment Trust signed a deal to sell a 50% nonmanaging interest in the TransCanada Pipeline Tower in Calgary, Alberta, for approximately C$257.4 million.

The stake is being sold to HOOPP Realty Inc., which is a wholly owned unit of Healthcare of Ontario Pension Plan. The company said the deal price equates to a 5.15% capitalization rate on current NOI.

The transaction is expected to close in November. H&R said the property's value has nearly doubled since the company built it in 2001.

The proceeds from the sale will be used to repay debt, including the building's existing C$82.1 million mortgage.