Loblaw to form Canadian REIT

12/6/2012 | Bloomberg

Loblaw Cos., one of Canada's largest grocery chains, is forming a REIT and plans to sell shares in an initial public offering. The company plans to seed the REIT with 35 million square feet of property worth $7.06 billion. It will retain a significant majority interest. It will be one of Canada's largest REITs.

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