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Top News In குரோம்பி ரியல் எஸ்டேட் முதலீடு Today - Breaking & Trending Today

Loblaw to spin off property portfolio in real estate trust


Units of the REIT would then be sold in an initial public offering expected to be completed in mid-2013, subject to regulatory approvals.
However, it is our intention to retain a significant majority interest in the REIT - over 80 per cent, Loblaw chief financial officer Sarah Davis told a conference call with analysts.
While we expect to generate funds from the IPO, it is anticipated that the long-term source of capital and the structural advantage of the REIT are the real benefits, Davis added.
Details on pricing and the number of units to be offered in the IPO were not disclosed. Those details typically are determined after a preliminary prospectus is issued and underwriters gauge investor interest. ....

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Long-awaited Cogswell District redevelopment moving forward


Long-awaited Cogswell District redevelopment moving forward
The Halifax Regional Municipality is moving forward with the redevelopment of the Cogswell District after finalizing land negotiations.
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CBC News ·
Posted: Jan 29, 2021 1:28 PM AT | Last Updated: January 29
The Cogswell District redevelopment is moving forward after land negotiations between the municipality and a major real estate company were finalized.(Halifax Regional Municiaplity)
The long-delayed Cogswell District redevelopment project is finally moving forward after the land negotiations were finalized between the Halifax Regional Municipality and Crombie Real Estate Investment Trust, according to a release Friday from the municipality.
Work on the project was delayed last year, partly because of the pandemic, but mostly because land negotiations took longer than expected. ....

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Empire Q2 profit and sales up, plans online grocery expansion in Alberta | iNFOnews


Jon Victor
Empire Company Limited makes an announcement at their Sobey s office in Mississauga, Ont., Monday, Oct. 7, 2019. Empire Co. Ltd. reported its second-quarter profit and sales rose compared with a year ago as it announced plans to expand its Voila online grocery service to Alberta. THE CANADIAN PRESS/Tijana Martin
December 10, 2020 - 11:49 AM
Empire Co. Ltd. reported its second-quarter profit and sales rose compared with a year ago as it announced plans to expand its Voila online grocery service to Alberta.
The company behind the Sobeys grocery store chain says it will launch Voila curbside pickup service in Alberta next year before starting home delivery service from a new customer fulfilment centre to be built in Calgary in 2023. ....

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