Loblaw to create one of the largest Reits in Canada
George Weston’s subsidiary Loblaw intends to create a real estate investment trust to acquire a significant portion of Loblaw's real estate assets and to sell units of the Reit by way of an initial public offering.
Loblaw estimates that it will initially contribute real estate with a current market value exceeding CAD7bn to the Reit and intends to retain a significant majority interest.
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