Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

BRIEF-True North Commercial Announces Sale Of Two Industrial Properties

Published 2018-12-20, 03:29 p/m
© Reuters.  BRIEF-True North Commercial Announces Sale Of Two Industrial Properties
TNT_u
-

Dec 20 (Reuters) - True North Commercial REIT TNT_u.TO :

* TRUE NORTH COMMERCIAL ANNOUNCES SALE OF TWO INDUSTRIAL PROPERTIES, RECYCLES CAPITAL INTO A 107,000 SQ.FT. DOWNTOWN OTTAWA OFFICE LEASED BY THE FEDERAL GOVERNMENT OF CANADA TO REPOSITION AS A PURE PLAY OFFICE REIT

* TRUE NORTH COMMERCIAL REIT - DEAL FOR $15.375 MILLION.

* TRUE NORTH COMMERCIAL REIT - ENTERED INTO AN AGREEMENT WITH A CANADIAN CHARTERED BANK FOR A NEW $20 MILLION UNSECURED REVOLVING CREDIT FACILITY

* TRUE NORTH REIT - FACILITY WILL BEAR INTEREST AT 325 BPS PER ANNUM ABOVE FLOATING BANKERS' ACCEPTANCE RATE OR 225 BPS PER ANNUM ABOVE PRIME RATE.

* TRUE NORTH COMMERCIAL REIT - INTENDS TO REDEPLOY NET PROCEEDS INTO A 107,000 SQUARE FOOT OFFICE PROPERTY LOCATED IN OTTAWA'S CENTRAL BUSINESS DISTRICT

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.