Madison Pacific Properties Inc. (TSX: MPC)(TSX: MCP.C) Announces the Purchase of a Portfolio of 12 Properties Across Canada
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 09/12/13 -- Madison Pacific Properties Inc. (the Company) (TSX: MPC)(TSX: MPC.C), a Vancouver-based real estate company, announces that it has made a $13.4 Million equity investment for a 61% interest in a portfolio of 12 industrial properties located in British Columbia, Alberta, Ontario and Quebec. The investment was made through a newly formed limited partnership with other investors and was funded from cash and the Company's existing credit facilities. The limited partnership acquired the portfolio of properties for $61.7 Million and funded the acquisition through equity funding from its partners and by assuming existing debt on the properties and obtaining additional mortgage financing. The portfolio includes approximately 98 acres of land and 538,600 square feet of building space leased to a single tenant, Taiga Building Products, an industry leader in building products distribution. This acquisition integrates well with the Company's current mix of commercial and industrial properties, in addition to allowing the Company to further diversify geographically.
Contacts:
Madison Pacific Properties Inc.
Mr. Marvin Haasen
President & Chief Executive Officer
(604) 732-6540
(604) 732-6550 (FAX)
Madison Pacific Properties Inc.
Mr. Dino Di Marco
Chief Financial Officer
(604) 638-5272
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 13.09.2013 - 00:00 Uhr
Sprache: Deutsch
News-ID 296297
Anzahl Zeichen: 0
contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Commercial Real Estate
Diese Pressemitteilung wurde bisher 269 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Madison Pacific Properties Inc. (TSX: MPC)(TSX: MCP.C) Announces the Purchase of a Portfolio of 12 Properties Across Canada"
steht unter der journalistisch-redaktionellen Verantwortung von
Madison Pacific Properties Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
