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Toronto firm buys into South Edmonton Common
By Bill Mah, edmontonjournal.comDecember 30, 2009 11:03 AM
The Bulk Barn store at South Edmonton Common.
The Bulk Barn store at South Edmonton Common.
Photograph by: Brian Gavriloff, The Journal, Edmonton Journal
EDMONTON — Canadian Real Estate Investment Trust (TSX: REF.UN) has acquired a 50-per-cent stake in a group of retail properties forming part of South Edmonton Common for $39.2 million, the Toronto-based property firm announced Wednesday.
CREIT assumes a $5.7-million first mortgage, carrying an interest rate of 5.87 per cent and a term to maturity of 8.2 years, with the balance paid from cash on hand.
http://www.edmontonjournal.com/business/...South+Edmonton+Common/2392277/story.html