TSX:MPCT.DB - Post by User
Post by
InvestSmarteron Aug 26, 2024 8:37pm
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Post# 36197006
10 Lower Spadina Sold/Closed Article Attached
10 Lower Spadina Sold/Closed Article AttachedValued around $22 to 25 Million.
349 Carlaw also should close any day, for around $8M.
Total 30-33M Cash, nearly half the trading market cap.
There was no debt on these 2 properties.
These are some of the lowest valued properties in MPCTs portfolio, and leaves MPCT with very little office (other than sussex and Zibi). MPCT should be considered a Toronto/Ottawa area residential rental reit.
https://www.newswire.ca/news-releases/arkfield-acquires-office-building-in-toronto-downtown-core-847909705.html