One of Ottawa’s largest real estate firms says it now has cash in hand to proceed with a planned eight-storey mixed-use building in the Glebe
The former CEO of the Minto Group shared his lessons in family succession as well as his thoughts on the LeBreton Flats redevelopment at a Thursday evening event.
TSX listing gives Minto access to capital that will fuel its expansion, CEO says.
Minto Capital, Investors Group and LaSalle will now each hold a one-third interest in the complex.
Extensive renovations planned to townhouses, located just off Woodroffe Avenue.
Minto Properties retains approximately 62 per cent ownership of the REIT.
Minto says the average rent of the properties in the new entity would be the highest among all public multi-residential rental REITs focused on the Canadian market.
Retail properties directly on Bank Street would be preserved in proposed redevelopment.
The residents of four newly built Ottawa townhouses will be a bit of an enviable position – they won’t have any energy costs. By Jacob Serebrin
Commercial property sales in Ottawa more than doubled in the first half of the year, spurred on by the low cost of capital and a depreciated Canadian dollar that’s attracting investors from south