Homburg REIT will acquire stake in Calgary retail center

Homburg Canada REIT is acquiring a 50% stake in a 607,360-square-foot retail center in Calgary. The REIT expects to partly fund its purchase of the Scotia Centre using a mortgage loan from Scotiabank. The remainder will be paid in cash from the proceeds of the company's recent public offering.

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Gazette (Montreal) (tiered subscription model), The

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