Sixty-five per cent of the 96 department store spaces left vacant by last year’s demise of Hudson’s Bay Company (HBC) will be committed to new tenants within two years, a new JLL report forecasts.
Crombie REIT (CRR-UN-T) announced it expects “no material financial impact” as a result of Empire Co. Ltd.'s decision to immediately close its e-commerce customer fulfillment centre in Calgary and a satellite facility in Edmonton.
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