Cadillac, Cambridge float bonds

Article Abstract:

Cambridge Shopping Centres Ltd. of Toronto, CA, and Cadillac Fairview Corp. of Toronto, have floated first-mortgage bonds valued at C$55 million. The 15-year, 6.62% bonds are secured against the 413,000-sq-ft Cataraqui Town Centre in Kingston in Canada. The Cataraqui Town Centre is jointly owned by Cambridge and Cadillac Fairview. Proceeds from the floated bonds will be utilized to repay the shopping center's existing financing worth C$25 million and to financially support the shopping center's renovation and broadening worth C$34 million.

Comment:

Floats first-mortgage bonds valued at C$55 mil, along with Cambridge Shopping Centres Ltd of Toronto

Financial management, Cambridge Shopping Centres Ltd., Cadillac Fairview Corp., Article

---

Britain's P&O puts Canadian shopping centre holdings on block

Article Abstract:

Tranportation company Peninsular and Oriental Steam Navigation Co of London, UK, has announced that it is selling its eight shopping centers in Canada. The divestment is part of its strategy to sell GBP2 billion ($4.74 billion) worth of assets. The eight regional centers, including the flagship Guildford Mall in Survey, British Columbia, are expected to fetch around C$800 million based on an average C$250/ft for the 3.3 million-sq- ft portfolio.

Asset sales & divestitures, Peninsular and Orientl Steam Navigation Co.

---

Shopping malls evolve into entertainment centres

Article Abstract:

Shopping malls change as older tenants move out and new big-box retailers move in. Newer shopping centers have larger theaters and restaurants, but the stores are the major attraction.

Subdividers and developers, not elsewhere classified, Financial analysis, BUILDING MATERIALS & GARDEN SUPPLIES, Real estate developers, Finance, Market share

Similar abstracts:

• Abstracts: Metallica enters fight against Internet song swapping. Attempt to ban Internet gambling defeated in House. Investors buy bogus Internet tip
• Abstracts: Chapters CEO defends plan. Profits rising but pace slows. Quick Nasdaq rebound unlikely, doubters warn
• Abstracts: Canada lauds move stalling missile shield. Brand new Canadarm2 flexes muscle. Customs union the next hot button
• Abstracts: Soft quarter doesn't derail retailer's plan. Housing market retains strength in September. Big-box retailers prepare new offensive

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.