Brief: First Capital REIT Announces Strategic Partnership With Pemberton Group

First Capital Real Estate Investment Trust

03/08/2021 13:04

Aug 3 (Reuters) - First Capital Real Estate Investment Trust
 FCR_u.TO :
    * FIRST CAPITAL REIT ANNOUNCES STRATEGIC PARTNERSHIP WITH
PEMBERTON GROUP TO DEVELOP THE FORMER CHRISTIE COOKIE SITE IN
TORONTO
    * FIRST CAPITAL REIT - EXERCISING PREVIOUSLY SECURED OPTION
TO
PURCHASE ITS EXISTING PARTNER'S 50% INTEREST IN DEVELOPMENT SITE
FOR ABOUT $56 MILLION
    * FIRST CAPITAL REIT - HAS ENTERED INTO A FIRM AGREEMENT TO
SELL A
50% INTEREST IN DEVELOPMENT SITE TO PEMBERTON FOR $156 MILLION

Source text for Eikon:  ID:nCNWNWZcYa 
Further company coverage:  FCR_u.TO 

 ((Reuters.Briefs@thomsonreuters.com;))