Montreal-based developer Rosefellow says it is set to build its first industrial development on spec in the Greater Toronto Area - and plans to acquire a second development site in short order. It also has ambitious expansion plans in the U.S.
Oxford Properties Group has sold a 75% stake in two Toronto-area industrial parks comprising 5.1 million square feet to San Francisco-based TPG for approximately $1 billion. It intends to recycle the proceeds into its industrial development program.
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