M&A Deal Summary |
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Date | 2002-07-10 |
Target | Tillicum Shopping Centre |
Sector | Real Estate |
Buyer(s) |
RioCan
Kimco Realty |
Deal Type | Joint Venture |
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Category | Company |
---|---|
Founded | 1981 |
Sector | Real Estate |
Employees | 565 |
Revenue | 1.1B CAD (2023) |
RioCan is Canada's real estate investment trust. RioCan has total assets of approximately $3 billion consisting of ownership interests in a portfolio of 151 retail properties across Canada containing an aggregate of over 23 million square feet of gross leasable area. RioCan derives over 77% of its gross revenue from national and anchor tenants, with no one tenant providing more than 5.5% of gross revenue. RioCan's largest tenant is Wal-Mart and 14.2% of RioCan's revenue is provided by food supermarkets. RioCan was founded in 1981 and is based in Toronto, Ontario.
DEAL STATS | # |
---|---|
Overall | 7 of 8 |
Sector (Real Estate) | 7 of 8 |
Type (Joint Venture) | 7 of 8 |
State (British Columbia) | 2 of 3 |
Country (Canada) | 7 of 8 |
Year (2002) | 7 of 7 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2002-07-10 |
South Edmonton Common
Edmonton, Alberta, Canada South Edmonton Common will comprise over 1 million square feet of newly constructed unenclosed new format retail space upon completion. South Edmonton Common is anchored by tenant-owned retailers Wal-Mart, Loblaws and Home Depot. National tenants include Michaels, The Brick, Home Outfitters, London Drugs and Old Navy. The centre is currently 100% occupied. |
Buy | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2003-03-12 |
Langley Power Centre
Langley, British Columbia, Canada Langley Power Centre, is a 228,000 square foot unenclosed new format retail centre. Tenants of this 100% occupied centre include some of Canada's leading retailers, such as Winners, Michaels, Future Shop, Office Depot, Golf Town and Forzanis. |
Buy | $43M |
Category | Company |
---|---|
Sector | Real Estate |
Employees | 660 |
Revenue | 1.8B USD (2023) |
Kimco Realty is a real estate investment trust (REIT) that owns and operates North America's major publicly traded portfolio of neighborhood and community shopping centers. Kimco Realty is based in Jericho, New York.
DEAL STATS | # |
---|---|
Overall | 7 of 38 |
Sector (Real Estate) | 7 of 37 |
Type (Joint Venture) | 7 of 11 |
State (British Columbia) | 2 of 4 |
Country (Canada) | 7 of 10 |
Year (2002) | 7 of 12 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2002-07-10 |
South Edmonton Common
Edmonton, Alberta, Canada South Edmonton Common will comprise over 1 million square feet of newly constructed unenclosed new format retail space upon completion. South Edmonton Common is anchored by tenant-owned retailers Wal-Mart, Loblaws and Home Depot. National tenants include Michaels, The Brick, Home Outfitters, London Drugs and Old Navy. The centre is currently 100% occupied. |
Buy | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2002-11-19 |
Parkway Supercenter
Washington, United States Parkway Supercenter is a 467,701 square foot shopping center anchored by Best Buy, Marshalls, Michaels Stores, Ross Dress for Less and Old Navy. |
Buy | - |