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Cominar to Sell Non-core Assets to Slate
Friday, 8 December 2017

Cominar REIT is selling $1.14B in non-core market assets to Slate Asset Management. It also intends to sell up to $1.5B in core market properties in 2018.

Cominar Real Estate Investment Trust (CUF.UN-T) will sell its entire non-core market portfolio, 97 properties valued at $1.14 billion, to Slate Asset Managementin one of the largest commercial real estate transactions announced in Canada in 2017.

Citing a strong Canadian real estate market, and what a company release calls “meaningful interest for a number of properties”, the trust also announced it intends to review and sell up to $1.5 billion in assets from its core market holdings.

Cominar expects to finalize this review by mid Q1 2018 and to sell the properties by the end of 2018.

Don Wilcox is a veteran editor and journalist with three decades of experience in print and online news, including 20 years at the Ottawa Sun. Most recently, he was the Sun’s Sr. Online Editor. Don has also been a part-time professor at Algonquin College, teaching digital writing and social media in the Mobile and Social Media Management program.

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