Trust expects profit on Calgary office development
Article Abstract:
H and R Real Estate Investment Trust looks to generate profits from the mezzanine financing worth approximately C$65 million that it provided for downtown Calgary, Alberta's C$235-million TransCanada PipeLines Tower development. H and R Real Estate Investment Trust's president, Tom Hofstedter, cited that the company can avail of an option to possibly acquire the fully-occupied TransCanada PipeLines Tower facility upon its completion. Hofstedter added that the firm can secure C$53 million worth of profits from the TransCanada PipeLines Tower, which is projected to have a net worth of approximately C$288 million when finished.
Comment:
Expects to achieve C$53 mil in profits from downtown Calgary, Alberta's TransCanada PipeLines Tower development
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
TLC goes for a ride as it denies raft of reports
Article Abstract:
TLC The Laser Center Inc has denounced several rumors that hounded the company such as lower volumes in surgical procedures and the resignations of its president and chief executive officer. The company also denounced a report by First Associates Investments Inc which questioned its aggressive accounting policies and the performance of its acquisitions. The rumors caused an 18% drop in TLC shares on Aug 6, 1998, before staging a rebound as the company denied the rumors.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
RealFund shifts strategy away from acquisitions
Article Abstract:
RealFund, a real estate investment trust company, plans to place in the future greater emphasis on development projects for shopping centers. RealFund's plans mark a change in the company's business strategy away from improving profitability through acquiring other companies. RealFund's chief executive and president, Christopher Dingle, cited that the creation of assets will emerge through the year 2003 as a more potent force for spurring growth among companies.
Comment:
Plans to place in the future greater emphasis on development projects for shopping centers
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: The perception gap: despite what crime experts say, demands for harsher penalities are growing louder. Towards the year 2000: Canadians are facing the approach of the third millennium in the grip of unprecedented national despair
- Abstracts: Sex, lies and the president: Clinton faces new woes over an embarrassing lawsuit. Questions of ethics: Gingrich and Clinton are both tainted by scandal
- Abstracts: Ontario court backs Sun Life deal. Court rules against Great-West. Sun Life ordered to pay penalty in fraud case
- Abstracts: Eaton's boosts earnings forecast. Eaton's stumbles in launch of teen shops. Sears squeezes men's wear suppliers
- Abstracts: Open Text buys Information Dimensions. Corel to chop 20% of staff. MGI collects compensation as merger with Discreet fails