RE:RE:PLEASE
spacegimp wrote: I feel like they might take the proceeds and buy the residential component that Riocan wants to unload (3200 units) ,$1 billion
Doubtful Riocan finds a dance partner in H&R... beyond the fact those assets wouldn't fit into Lantower, as per the most recent call, Tom is very bearish Canada/Toronto.
I much rather see H&R do a deal to merge their Canadian industrial portfolio (incl future developments, land held to develop industrial, and industrial development team) with NXR to create a formidable pure play Canadian industrial REIT. I would prefer a concentrated H&R focused on Lantowner and units of a powerful NXR rather than H&R as currently constructed. What a gift to unitholders that would be...
Since you brought up the topic of speculative deals that would make sense for H&R...