TSX:AX.PR.E - Post by User
Comment by
garyreinson Feb 29, 2024 5:54pm
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Post# 35907813
RE:Asset Sales Underway
RE:Asset Sales UnderwayI assume this means up till right now:
"Since the announcement of the strategic review, Artis has completed or entered into unconditional agreements for $161.9 million of office sales at values and on terms that were acceptable to the REIT, and will continue to consider further office dispositions. In addition, Artis has completed or entered into unconditional sale agreements for $256.2 million of retail assets and $55.5 million of industrial assets. This equates to $473.6 million of asset sales (in line with the REIT's IFRS values reported at December 31, 2023), including unconditional transactions, since August 2, 2023."
Thought in the M & A it adds: "and has an additional 12 properties under unconditional sale agreements"....not sure what these are