Downtown Toronto’s The Well is about to get a significant new tenant, with co-owners Allied Properties REIT (AP-UN-T) and RioCan REIT (REI-UN-T) announcing the lease of four additional floors in the multi-tower mixed-use downtown highrise complex.
Over the past two years, Allied Properties REIT (AP.UN-T) has been selling non-core properties. The REIT is adding two high-profile Toronto and Calgary assets to that list as it continues working to strengthen its balance sheet.
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