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    « Loblaws Announces New Provigo Le Marché Banner Stores in Quebec | Main | Loblaws Companies Limited Reports 2012 Fourth Quarter and Fiscal Year Ended December 29, 2012 Results »
    Monday
    May272013

    Loblaws Files Prospectus for REIT

    Loblaws Companies Ltd. has filed a prospectus for a $7 billion dollar REIT called Choice Property Real Estate (Financial Post). It includes 35 million sq.ft. of leasable space within 415 retail properties, an office complex and nine warehouse properties. Loblaws says the value of the properties will be above $7 billion and will represent 75% of it's real estate portfolio. Retail properties include 267 with a stand-alone Loblaw store, 143 with a Loblaw store and one or more third-party tenants and five properties with only third-party tenants. Loblaws will account for 88.3% of Choice Properties' gross leaseable area.

    Below is the preliminary prospectus for Choice Properties Real Estate:

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