Cominar REIT to sell non-core assets for $1.14 bln: Reuters
Cominar Real Estate Investment Trust said this week it would sell its non-core property assets to privately held Slate Acquisitions Inc for $1.14 billion to reduce debt and focus on core assets, Reuters reported. Cominar said it intends to sell another $1 billion to $1.5 billion worth of properties. The assets being sold to Slate include 97 properties located in the Greater Toronto Area, the Atlantic provinces, and in Western Canada, the company said. The deal is expected to close by the end of March 2018. Slate is a Canadian real estate investment platform.
18 December 2017•1 min read
