Units of the REIT would then be sold in an initial public offering expected to be completed in mid-2013, subject to regulatory approvals. However, it is our intention to retain a significant majority interest in the REIT - over 80 per cent, Loblaw chief financial officer Sarah Davis told a conference call with analysts. While we expect to generate funds from the IPO, it is anticipated that the long-term source of capital and the structural advantage of the REIT are the real benefits, Davis added.
Details on pricing and the number of units to be offered in the IPO were not disclosed. Those details typically are determined after a preliminary prospectus is issued and underwriters gauge investor interest.
Crombie REIT Fiscal 2020 Annual General and Special Meeting and Q1 Fiscal 2021 Conference Call
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NEW GLASGOW, NS, April 9, 2021 /CNW/ - Crombie Real Estate Investment Trust ( Crombie ) (TSX: CRR.UN) will hold its virtual Annual General and Special Meeting of Unitholders on Thursday, May 6, 2021. The virtual meeting is scheduled to begin at 10:00 a.m. (EDT). Non-objecting non-registered (or beneficial) holders and proxy appointees have the opportunity to attend the Meeting, ask questions and vote, all in real time, provided they are connected to the internet and comply with all of the requirements set out in the Circular. Objecting non-registered (or beneficial) shareholders who have not duly appointed themselves as proxyholder will be able to attend the Meeting as guests, but guests will not be able to vote or ask questions at the Meeting. The Circular can be accessed on Crombie s website at www.crombiereit.com under Inve
/CNW/ - Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from March 1, 2021,.
Long-awaited Cogswell District redevelopment moving forward
The Halifax Regional Municipality is moving forward with the redevelopment of the Cogswell District after finalizing land negotiations.
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Posted: Jan 29, 2021 1:28 PM AT | Last Updated: January 29
The Cogswell District redevelopment is moving forward after land negotiations between the municipality and a major real estate company were finalized.(Halifax Regional Municiaplity)
The long-delayed Cogswell District redevelopment project is finally moving forward after the land negotiations were finalized between the Halifax Regional Municipality and Crombie Real Estate Investment Trust, according to a release Friday from the municipality.
Work on the project was delayed last year, partly because of the pandemic, but mostly because land negotiations took longer than expected.
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