RioCan plans shopping centre
Article Abstract:
RioCan Real Estate Investment Trust of Toronto, Ontario, has unveiled plan to construct an 850,000-sq-ft shopping center in Brampton, Ontario, at a cost of C$100 million. The plan calls for the construction of free-standing buildings on a 37-hectare site plus an adjoining 24-hectare parking lot. The center, which is already almost 90% preleased, will be anchored by Canadian Tire, which will open a 100o-sq-ft store, and Home Depot, which will occupy 115,000-sq-ft space in the center. RioCan CEO Edward Sonshine said the amount it will spend to build the center will come from the proceeds of a recent equity financing.
Comment:
Unveils plan to construct an 850,000-sq-ft shopping center in Brampton, Ontario, at a cost of C$100 mil
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
TrizecHahn completes debt refinancing
Article Abstract:
Canadian real estate developer TrizecHahn Corp. has announced that it is selling $204.4 million in debentures to investment dealer RBC Dominion Securities Inc. The company has earlier closed a similar financing deal wtih investment dealer Newcrest Capital Inc. Both series of debentures are exchangable into common shares of Barrick Gold Corp. at 52.4 Barrick shares for every $1,000 in debentures. The company is planning to use the total proceeds of $408.8 million to redeem $600 mil worth of debentures issued in 1993.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Centrefund to purchase 10 shopping centres. Cobequid puts faith in DNA vaccine
- Abstracts: GM plans overhaul of marketing. Ford plans dealer 'revolution.'
- Abstracts: Justice joins Columbia/HCA lawsuit. Cendant restates earnings
- Abstracts: Manulife delays plans for going public. Mutual life holders to be first to cast votes on going public