TSX:REI.UN - Post by User
Comment by
hroark7on Aug 25, 2020 8:13pm
122 Views
Post# 31453106
RE:RE:RE:RE:RE:RE:The reasons I invested $1 million in RioCan
RE:RE:RE:RE:RE:RE:The reasons I invested $1 million in RioCanCANCDN wrote: As soon as the Wells is done, they need to go balls deep on shoppers world Brampton redevelopment. I know they are going through permitting/zoning right now, but that is HUGE HUGE HUGE potential and fully developed could be 5 billion or more NAV once done in today's dollars.
Part of The Well will be open in 2022 and by end of 2023 it'll be fully online. Huge revenue boost when that happens. Right now it's under construction and bringing in $0 revenue.
The Well is literally the biggest developmnent happening in Canada right now. I look at the size of The Well, all the buildings and all the rents that are going to be collected and I see dollar signs: https://www.thewelltoronto.com/the-buildings/