trending Market Intelligence /marketintelligence/en/news-insights/trending/QwRx5urAl_TzFf-tfPIMIQ2 content esgSubNav
In This List

CT REIT buys 5 assets from RioCan REIT

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Video

S&P Capital IQ Pro | Powering Your Edge

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Enterprises are missing out on 24B by not optimizing cloud spending not going multicloud


CT REIT buys 5 assets from RioCan REIT

CT Real Estate Investment Trust completed the acquisition of five properties from RioCan Real Estate Investment Trust for C$135 million, excluding transaction costs.

The company also signed a new loan facility with Canadian Tire Corp. Ltd. for up to C$150 million and drew on the one-year facility to partially fund the acquisition.

The acquisition of the remaining two properties in the seven-property deal is expected to complete during the first quarter of 2018.

The acquired properties are in Hamilton, Orillia, and Sudbury, Ontario; Yorkton, Saskatchewan; and Oliver, British Columbia.

The remaining two properties are in Collingwood and St. Catharines, Ontario.