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

Facilities & equipment, Ontario, Real Estate Invest Trusts, Real Estate Investment Trusts, RioCan Real Estate Investment Trust, Article

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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.

Canada, Real Estate, Real Estate and Rental and Leasing, Securities issued, listed, TrizecHahn Corp.

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