RioCan REIT Retains Colliers Investment Team to Sell Montreal Asset
Colliers International's Investment Team, including members from Toronto and Montreal, has been retained by RioCan REIT, Canada's largest real estate investment trust, to handle the disposition of the property Centre De La Concorde in Laval, Quebec. Now in the market, Centre De La Concorde represents a rare opportunity for an investor to acquire a grocery-anchored shopping Centre with high-quality anchor tenants. The 109,449-square-foot centre is anchored by Super C (Metro Inc.) and houses other quality tenants including National Bank and Subway Restaurant. The property is supported by the density of surrounding residential neighbourhoods and boasts excellent visibility.
“This is a very valuable assignment for the Colliers Investment group and we are always excited to have the opportunity to work with RioCan,” said Adam Kosoy, Senior Managing Director, Capital Markets, Canada at Colliers International. "This project effectively exhibits Colliers' national reach and collaborative approach to interprovincial assignments."
RioCan had a total capitalization of approximately $13.9 billion as at September 30, 2012.