Bayfield and RioCan Bought Edmonton Mall for $94.6 million
Posted on
January 3, 2011
by
Alison Murray
Is Commercial Real Estate Finally turning around?...West TORONTO - Bayfield Realty Advisors Inc. and joint venture partner RioCan Real Estate Investment Trust (TSX:REI.UN) closed Friday the acquisition of an Edmonton mall and surrounding property for $94.6 million.
The property includes Mill Woods Town Centre. The Edmonton shopping centre, built in 1989, is anchored by Zellers, Canadian Tire and Safeway stores.
Bayfield will take a 100 per cent stake in the office building, while RioCan will manage and lease the shopping centre.
By: The Canadian Press
|
Copyright 2021 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
Post Your Comment: