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Category: Commercial

Summit Industrial Income REIT buys into data centres

Steve McLean Commercial Data Centres National Jan. 11 2018

Summit Industrial Income REIT (SMU-UN-T) ended a very busy 2017 by entering a joint venture partnership with Urbacon to develop, own and operate digital data centres across Canada.  Toronto-based Urbacon previously developed industrial properties for joint ventures with an earlier incarnation

Canadian Tire taking over Sears’ ‘fabulous’ Calgary property

Don Wilcox Commercial Transactions Calgary Jan. 11 2018

CT Real Estate Investment Trust (CRT-UN-T) CEO Ken Silver said the purchase and leaseback of a Sears Canada distribution centre in Calgary in 2016 allowed it to acquire a piece of “fabulous real estate”. Now, it is putting that investment to

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