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First Capital REIT Announces Expansion of Strategic Partnership and Monetization of a Portion of its Density rights in Greater Montreal Development
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/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
TORONTO, Dec. 17, 2020 /CNW/ - First Capital REIT ( First Capital ) (TSX: FCR.UN), a leading developer, owner and manager of mixed-use real estate located in Canada s most densely populated cities, announced today a firm agreement to sell a 50% non-managing interest in a geographically diverse portfolio of six grocery anchored properties as well as a 100% interest in a portion of the development land at Place Panama on Montreal s south shore, for an aggregate combined sale price of approximately $115 million.  ....

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