H&R Real Estate Staple (TSE:HR.UN) has released an update.
H&R Real Estate Investment Trust has successfully advanced its strategic repositioning with the sale of 25 Dockside Drive for $232.5 million and other property sales totaling approximately $411.7 million in proceeds. These transactions, including the planned sale of a 50% interest in a prime Burnaby office space, are intended to streamline the company’s portfolio and strengthen its financial position by repaying debt and supporting general corporate activities. The moves represent disciplined execution of H&R’s simplification strategy amidst challenging real estate market conditions.
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