CIBC plans sweeping sale of real estate

Article Abstract:

Canadian Imperial Bank of Commerce has put its real estate unit, CIBC Development Corp, up for sale in what is predicted to be the biggest divestiture yet of commercial holdings in Canada. The purchase price for the The unit, which holds stakes in 45 high-end commercial properties, could reach up to C$1.3 billion, according to industry observers. CIBC is divesting 8.8 million sq ft of commercial properties in a portfolio that totals 13.9 million sq ft, including interests in different partners.

Land Subdivision and Land Development, Office & Commercial Developers, CIBC Development Corp.

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Black selling into a crowded market

Article Abstract:

Toronto, Ont.-based Hollinger Inc., which is controlled by Conrad Black, is planning to sell many of its newspaper holdings. Hollinger, which has received inquiries from Quebecor Inc., will consider offers for its community and metro papers.

United States, Acquisitions & mergers, Newspapers, Newspaper Publishers, Printing, Commercial Printing, Mergers, acquisitions and divestments, Newspaper publishing, Printing industry, Quebecor Inc., Hollinger Inc.

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