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Originally Posted by Berge
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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That could be it too, but I figured, like you were saying, that its weird they don't have space in Moncton right now, so maybe something is afoot. In the next 12-18 months, I have a feeling that the retail landscape in Moncton is going to have some pretty big changes.
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