Ernst & Young Inc. has been appointed receiver and manager to operate, market and sell the Rexdale Mall in Toronto's west-end Etobicoke neighbourhood. It is part of wider receivership proceedings which include Woodbine Mall and 1500 Birchmount Business Park.
Slate Asset Management has agreed to buy the 188-property German grocery-anchored retail portfolio of x+bricks Group. Toronto-based Slate will make the acquisition in two tranches for approximately $1.5 billion.
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