H&R REIT sells Bow, Bell campus buildings, reducing exposure to Calgary market
A pedestrian walks past The Bow building in Calgary, Alta., Thursday, Oct. 31, 2019. H&R Real Estate Investment Trust says it is selling two of its properties, including the Bow office tower in Alberta, as it tries to limit its Calgary office exposure. THE CANADIAN PRESS/Jeff McIntosh
August 03, 2021 - 2:47 PM
TORONTO - H&R Real Estate Investment Trust says it is selling two of its properties, including the Bow tower in Calgary as it tries to limit its office exposure in the city.
The REIT says it is selling the Bow building and land, partial future rent from a lease with Ovintiv Inc., and a Bell office campus in Mississauga, Ont. to Oak Street Real Estate Capital for combined gross proceeds of about $1.05 billion