CT REIT buying seven properties from RioCan REIT for $200 million

By The Canadian Press

Posted November 28, 2017 7:24 am.

Last Updated November 28, 2017 8:00 am.

This article is more than 5 years old.

TORONTO – CT Real Estate Investment Trust (TSX:CRT.UN) has signed a deal to buy seven properties from RioCan Real Estate Investment Trust (TSX:REI.UN) for $200 million.

Five of the locations are in Ontario, located in Collingwood, Hamilton, Orillia, St. Catharines and Sudbury.

One is in Yorkton, Sask., and another is in Oliver, B.C.

All have a Canadian Tire store as a major tenant.

Submit a Correction

Accessibility Feedback

Top Stories

Subway not running Bloor-Yonge to King due to mechanical issue, TTC says

The TTC says there is no subway service on Line 1 between Bloor-Yonge and King stations due to a mechanical issue. The transit agency first posted about the issue on X just after 9 a.m. At that time,...

15m ago

Pickup truck crashes into Toronto mushroom dispensary in latest suspected targeted attack

Toronto police are investigating an early-morning crash involving a pickup truck that slammed into the storefront of Shroomyz, an illegal magic mushroom dispensary. The incident occurred at 497 Bloor...

21m ago

Man drowns in Scarborough pool while swimming with child

A man in his 40s has died following a drowning incident at a residential pool in Scarborough early Wednesday evening. Emergency crews responded to a call at 8 Mondeo Drive, near Birchmount Road and...

4h ago

Oasis in Toronto: What fans need to know ahead of the Rogers Stadium shows

Toronto is about to be swept up in a Britpop revival as Oasis returns for two monumental shows at Rogers Stadium. For fans of the legendary Manchester band, this isn't just another concert; it's a historic...

1h ago