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    « Whole Foods cooking up cloud-based retail management system | Main | Why Competitors Must Take Nordstrom Seriously in Canada »
    Monday
    Sep282015

    RioCan REIT snaps up Kimco’s Canadian properties

    The deal breaks down as RioCan (REI.UN-T) seizing on the opportunity to buy a big block of assets while U.S.-based Kimco (KIM-N) is likely looking at current highs as a good point to exit Canada.

    “It is an exceptionally rare opportunity to acquire a selection of properties from a portfolio of this scale that can be easily absorbed by the Trust,” RioCan CEO Edward Sonshine said in a statement. “This acquisition improves RioCan’s Canadian portfolio by increasing the concentration of the trust’s portfolio located in Canada’s six largest markets, most notably in the Greater Toronto Area.”

    To view full article click here. 

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