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RioCan Real Estate Investment Trust Announces Partnership in Masterplan Community at Queen & Coxwell in Toronto Condominium Component 88% Pre-Sold


1) Based on very preliminary estimates
RioCan has many options to utilize the 42mm square feet of identified GFA density that is inherent in its existing portfolio.  In addition to the projects noted above, the Trust will continue to utilize some of this density for condominium and for housing ownership developments, particularly as components of larger multi-phased mixed use communities. These inventory projects represent yet another lever for RioCan’s growth going forward. The prominence of this utilization will be governed by the market conditions at the time and the make-up of the Trust’s balance sheet. 
Building on RioCan’s history of investing in the communities that it serves and aligned with its Environmental, Social and Governance strategy, the Partners will be supporting the City’s Community Economic Development Initiative as part of this project. The Partners’ contributions to the initiative includes a $100,000 scholarship fund for TCHC tenants, a $2 ....

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