Dundee REIT has announced it’s intention to acquire the rest of REALEX properties, owners of several prominent Kitchener Waterloo commercial real estate properties.
From BenjaminBach.com:
[The REALEX portfolio] includes several commercial real estate properties in Kitchener Waterloo including:
Market Square – 239,689 sq ft (shown above)
Galleria – 237,146 sq ft
50 Queen – 169,616 sq ft
235 King – 100,798
22 Frederick – 95,841 sq ft
The Accelerator Centre – 92,808 sq ft in the University of Waterloo Research and Technology Park
Realex also owns commercial properties in Alberta and BC that were included in the sale. Click here for a list of Realex’s commercial real estate holdings.
The Globe & Mail notes that the “full enterprise value of Realex is pegged at $385-million, including the assumption of about $210-million in debt and some working capital.”
For more info, read the whole article at: Dundee REIT to buy Realex’s Kitchener Waterloo office & retail assets
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