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Metro Vancouver

Drop in valuations results in $499M Q4 net loss for Allied

Steve McLean Commercial REITs Toronto / GTA Feb. 5 2024

Allied Properties REIT (AP-UN-T) suffered a $499.34-million net loss in its fourth quarter ended Dec. 31, in large part due to a $425-million decline in rental property valuations in Toronto, Montreal, Calgary and Vancouver.

RioCan sells Surrey's Strawberry Hill Shopping Centre: $155M

Evan Duggan Commercial Transactions Metro Vancouver Jan. 30 2024

RioCan REIT has sold the 340,000-square-foot Strawberry Hills Shopping Centre in Surrey in Metro Vancouver for $155 million. The buyer is identified as Strawberry Hill Shopping Centre Holding Co. 

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