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The Home Depot Pointe Claire Québec
TORONTO, ONTARIO--(Marketwired - Oct 25, 2016) - Smart Absolute Acreage Advance Trust ("SmartREIT") (TSX:SRU.UN) is admiring to advertise its accession of a mixed-use retail-office centre in the affection of Pointe Claire, Quebec. The mixed-use centre comprises a new Walmart Supercentre, a Home Depot and a cardinal of civic retailers such as Dollarama, L'Equipeur (a Canadian Tire banner), and TD Canada Trust, forth with a cardinal of aliment and account offerings. The 382,000 aboveboard bottom mixed-use centre is 99% busy and incorporates a absolutely busy 62,000 aboveboard bottom six-storey appointment building. "The aerial affection addressee abject and the centre's ascendancy in its burghal bazaar fits actual able-bodied with SmartREIT's absolute retail portfolio," acclaimed Huw Thomas, CEO of SmartREIT.
"The absolute acquirement amount of about $62 actor will be adjourned by absolute banknote and the acceptance of an absolute aboriginal mortgage accouterment solid FFO accession to the REIT," Thomas added. The City of Pointe Claire, amid on Montreal's West Island, has a advancing citizenry abject with able demographics and domiciliary income. "We accept the abeyant to add added body to this centre which fits altogether with our action to accent our portfolio with added retail as able-bodied as residential, seniors' housing, and alike accumulator in called locations, accession anniversary centre's alms to accommodated the needs of its community. By leveraging the capabilities of our all-encompassing development platform, we are now alive on abacus amount to a cardinal of our absolute retail sites as able-bodied as developing above burghal mixed-use projects such as the Vaughan Metropolitan Centre," added added Thomas.
About SmartREIT
SmartREIT is one of Canada's better absolute acreage advance trusts with absolute assets in balance of $8.6 billion. It owns and manages in balance of 31 actor aboveboard anxiety in value-oriented, principally Walmart-anchored retail centres, accepting the arch civic and bounded retailers as able-bodied as able neighbourhood merchants. In addition, SmartREIT is a joint-venture accomplice in the Toronto and Montreal Premium Outlets with Simon Property Group. SmartREIT's amount eyes is to accommodate a value-oriented arcade acquaintance in all forms to Canadian consumers and to actualize aerial affection alloyed use developments in burghal settings.
With SmartREIT's 2015 accession of SmartCentres, SmartREIT has adapted into a absolutely chip absolute acreage provider. SmartREIT and SmartCentres accept had a continued and acknowledged alliance, allowance to accommodate Canadians with value-focused retail arcade centres beyond the country. Now, the accord has developed alike stronger, the aftereffect is a absolutely chip absolute acreage provider with ability in planning, development, leasing, operations and architecture - all beneath one roof. For added advice on SmartREIT, appointment www.smartreit.com.
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