CIBC plans sweeping sale of real estate
Article Abstract:
Canadian Imperial Bank of Commerce has put its real estate unit, CIBC Development Corp, up for sale in what is predicted to be the biggest divestiture yet of commercial holdings in Canada. The purchase price for the The unit, which holds stakes in 45 high-end commercial properties, could reach up to C$1.3 billion, according to industry observers. CIBC is divesting 8.8 million sq ft of commercial properties in a portfolio that totals 13.9 million sq ft, including interests in different partners.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
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Black selling into a crowded market
Article Abstract:
Toronto, Ont.-based Hollinger Inc., which is controlled by Conrad Black, is planning to sell many of its newspaper holdings. Hollinger, which has received inquiries from Quebecor Inc., will consider offers for its community and metro papers.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2000
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