Quote:
Originally Posted by josh_cat_eyes
I wonder if RioCan sold it in preparation for something else. Like to get some capital for a bigger project in the area. Like maybe where the new BPS is eventually going. It's also interesting to note CREIT now owns the Swiss Challet plaza on Champlain in Dieppe.
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CREIT actually owned this property BEFORE they got Wheeler park., there only property in Moncton to my knowledge at that time. They had a more properties in Halifax, but this is a good sign that there expanding here.
Rio-can being so big, i'm not sure if a sale in Moncton of one property means a re-investment in the same city. Might be more of a "offer they could not refuse" type thing.
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