O&Y boosts bond issue to $100-million

Article Abstract:

Toronto, Ontario-based O and Y Properties Corp. looks to boost its assets to the C$1-billion range and to increase its financial capability for acquisitions by increasing the value of its bond issue to C$100 million. O and Y Properties' president, Frank Hauer, is optimistic that the firm's near-term C$1-billion target for its asset worth can be more easily attained through its appropriate leveraging of its debts and funds of C$100 million. O and Y Properties' chief executive, Philip Reichmann, cited that the firm can pursue C$300 million worth of company purchases if it secured C$200 million worth of credit and C$100 million worth of issued bonds.

Comment:

Increases the value of its bond issue to C$100 million to boost its financial capability for acquisitions

Subdividers & Developers, Securities issued, listed, O&Y Properties Corp.

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Gentra sees flexibility to make $800-million of acquisitions

Article Abstract:

Gentra Inc. President and CEO David Arthur has stated that it is capable of performing C$800-million worth of acquisitions as a result of its financial flexibility. The company had a shareholder equity if C$729 million as compared to the C$281-million it had in debts at the end of 1997. Arthur, who made the statements at the company's shareholder meeting, also said that the company's current debt-to-equity ratio of 0.4-to-1 enables it to have a maximum leverage of one-to-one. Arthur added that the company intends to make C$300-million worth of acquisitions in 1998 and that the company has no intentions of raising its equity in 1998.

Comment:

President and CEO David Arthur states that it is capable of doing C$800-mil in acquisitions due to its financial flexibility

Financial management, Office & Commercial Developers, Commercial developers, Gentra Inc.

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Cambridge plans $700-million strategy

Article Abstract:

Cambridge Shopping Centres Ltd., based in Toronto, Ontario, is implementing a C$700-million, five-year capital investment, which will see almost half of the money going to construction of new malls and offices. Company President and CEO Lorne Braithwaite said that the demand for retail and office space has increased significantly and that the regional shopping center market is currently better than it has been over the past decade. The company's largest project in Cambridge is the C$250-million Vaughan Mills mall, which it is co-developing with Mills Corp. of Arlington, VA.

Comment:

Is implementing C$700-mil, 5-year capital investment, with almost half of money going to construction of offices & malls

Capital expenditures, Shopping Center Developers, Cambridge Shopping Centres Ltd.

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