Artis Reit Industrial

It is comprised of a 255501 square feet of gross leasable area. Artis will spin off its Retail assets to unitholders through a new listed REIT.

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Artis Real Estate Investment Trust Announces Sale of GTA Industrial Portfolio for 750 Million Canada NewsWire WINNIPEG MB June 21 2021 Artis enters into an agreement to sell GTA industrial.

Artis reit industrial. AXUN Artis REIT today announced that its board of trustees has approved a comprehensive plan to unlock unitholder value. The sale price represents a price per square foot of 297. One of the remaining properties is expected to close in Q3 2021 and generate gross proceeds of 267 million.

Artis Real Estate Investment Trust Artis or the REIT TSX. It also exceeds the REITs most recently reported fair value of 5507 million for the properties by 36. WINNIPEG MB Sept.

Artis REIT has announced it has an unconditional agreement to sell its 28-property 25-million-square-foot Greater Toronto Area industrial portfolio for 750 million. Park Lucero is a four-phase industrial complex in Gilbert AZ constructed between 2015 and 2018. Highway 169 and Interstate 94.

Artis will separate its Industrial assets into a wholly owned structure to facilitate a future spinoff or sale. By John Sheehy. It also exceeds the REITs most recently reported fair value of 5507 million for the properties by 36 per cent as demand.

Courtesy Artis REIT Artis Real Estate Investment Trust is selling the remainder of its Calgary office portfolio which includes six buildings comprising close to 700000 square feet. Sale price for the transaction exceeds the REITs. Artis REIT has announced a milestone transaction an unconditional agreement to sell its 28-property 25-million-square-foot Greater Toronto Area industrial portfolio for 750 million.

The property was acquired as part of the Minneapolis Industrial Portfolio II. The remaining 1285 of NAV is about 7 for Industrial and 6 for Office. Artis management tables bold new vision and strategy.

A joint venture to build a 561000-square-foot industrial development in the Phoenix area and the sale of three non-core assets shopping centre office and industrial properties. By providing a genuinely multi-skilled workforce we ensure optimal performance and productivity that sets us apart from others inthe industry. Property NOI by Asset Class.

Artis attributes 255unit value to the Retail business. The transaction represents a per-square-foot price of 297 for the portfolio. Artis REIT has announced its first transactions under its new management team.

Sale price for the transaction exceeds the REITs. Artis REIT is marketing the remaining six buildings in its Calgary office portfolio. Artis enters into an agreement to sell GTA industrial portfolio for 7500 million representing a price per square foot of 297.

Built in two stages in 1969 and 1990 this property has a clear ceiling height of 20 feet 9 inches two drive-in doors and 13 dock doors. It is part of the REITs overall strategy of divesting Calgary office property which began. The Maple Grove Industrial Center is a warehouse and distribution facility constructed in 1974.

On June 30 Artis entered into an agreement to sell the GTA Industrial Portfolio comprising 28 industrial properties located in the Greater Toronto Area. Park Lucero I is a three-building industrial complex comprising 208513 square feet of leasable area. The complex in its entirety comprises approximately 580000 square feet of leasable area in a total of six new generation industrial buildings.

The strategy is one of several announcements this morning as management ended Artis 100-day review process. Artis REIT is focused on producing a stable and growing stream of cash distributions for Unitholders. Artis Real Estate Investment Trust s AX-UN-T new management is forging a path that would see it eventually shed REIT status and convert into an open-ended trust.

In 2012 Artis constructed an additional 80600 square feet. Industrial Park Business Center is a 113054 square foot industrial building located in Plymouth MN in the Northwest submarket. ARTIS specialize in reactor mechanical and catalyst handling services to oil refineries petrochemical plants and offshore platforms.

The property is located in a suburb of Minneapolis and enjoys excellent access to the US. Artis enters into an agreement to sell GTA industrial portfolio for 7500 million representing a price per square foot of 297. AXUN announced today that it has entered into an unconditional agreement to sell its Greater Toronto Area GTA industrial portfolio comprising 28 properties totaling over 25 million square feet of leasable area located in the GTA for 7500 million.

The REIT is transitioning to a new management team led by interim CEO and board chair Samir Manji. 8 2020 Artis Real Estate Investment Trust TSX. The transaction represents a per-square-foot price of 297 for the portfolio.

On July 15 the REIT closed on 26 of the 28 properties for 6967 million. Artis is a diversified Canadian real estate investment trust with a portfolio of industrial office and retail properties in Canada and the United States. Artis REIT currently yields 45.

The diversified portfolio and low payout ratio make it one of the safest 4 plus yields out there. The industrial portfolio is.

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