The Real Estate Investment Trust has partnered with Fieldgate Urban and Broccolini Real Estate Group for Mixed-Use Development Projects in Toronto and Montreal.
The company has announced a new 50/50 partnership with Fieldgate Urban for a mixed-use condominium development with the combination of respective properties along Bloor Street West in Toronto’s Kingsway neighbourhood. As well as this, they have announced a new 50/50 co-ownership with Broccolini Real Estate Group with the sale of a 50 per cent interest in RioCan’s mixed-use development of its RioCan Centre Kirkland.
Edward Sonshine, Chief Executive Officer of RioCan, commented: “We are very pleased to announce the completion of these transactions to further advance our exciting mixed-use developments in Toronto and Montreal. These projects are prime examples of how RioCan continues to expand its value creation opportunities based on its strong foundation of well-located properties.”
