RioCan Real Estate Investment Trust Announces $82 Million In New Acquisitions.Business Editors TORONTO--(BUSINESS WIRE)--July 14, 2003 RioCan Real Estate Investment Trust RioCan Real Estate Investment Trust (TSX: REI.UN) is the largest real estate investment trust (REIT) in Canada with ownership interests in over 200 retail properties.[1] ("RioCan") today announced that it has completed the acquisitions of (i) West Ridge Place in Orillia, Ontario Orillia, (2006 population 30,259 ; CA population 40,532 — 39th largest CA in terms of population[1]) pronounced ōrĭl'ēə, is a city located in Simcoe County in south-central Ontario, Canada, on Lake Couchiching. and (ii) Southland Mall in Regina, Saskatchewan for purchase prices aggregating $82 million. West Ridge Place is a newly constructed, unenclosed new-format centre. The property is anchored by Wal-Mart, Sport Chek, and A&P, together with a non-owned, freestanding Home Depot The Home Depot (NYSE: HD) is an American retailer of home improvement and construction products and services. Headquartered in Vinings, just outside Atlanta in unincorporated Cobb County, Georgia, Home Depot employs more than 355,000 people and operates 2,164 big-box . Other national tenants include Hallmark, Buck or Two, Payless Shoes, Tim Hortons This article is about the restaurant. For the ice hockey player and the chain's co-founder, see Tim Horton. Tim Hortons is a coffee-and-doughnut fast food restaurant chain largely based in Canada. and Bank of Nova Scotia Nova Scotia (nō`və skō`shə) [Lat.,=new Scotland], province (2001 pop. 908,007), 21,425 sq mi (55,491 sq km), E Canada. Geography . The centre is currently 96% occupied. Upon the completion of 16,000 square feet of space currently under construction, the centre will contain an aggregate of 218,900 square feet of net leasable area. Mortgage debt of approximately $6.4 million has been assumed on this acquisition with the balance of the purchase price satisfied with existing cash resources. Southland Mall is a 437,500 square foot regional shopping centre. The centre is anchored by Wal-Mart, Safeway and a Cineplex Odeon theatre with other national tenants including Chapters, Sport Chek, Montana's and Kelsey's restaurants, and Bank of Montreal “BMO” redirects here. For the mathematics competition, see British Mathematical Olympiad. Bank of Montreal/Banque de Montréal (TSX: BMO, NYSE: BMO) is Canada's fourth largest bank[1], and is classified as a Domestic Chartered Bank (Schedule I). . The property is currently 99% leased. Mortgage debt of approximately $29 million has been assumed on this acquisition with the balance of the purchase price satisfied with existing cash resources. About RioCan RioCan's purpose is to deliver to its unitholders stable and reliable cash distributions, which continuously increase over time. RioCan is Canada's largest real estate investment trust with total assets in excess of $3.6 billion. It has ownership interests in a portfolio of 165 retail properties across Canada containing an aggregate of well over 32 million square feet. |
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