Westbank is selling an ownership interest in their 19 Duncan project in Toronto to Allied Properties REIT. They have also restructured ownership on the TELUS Sky tower in Calgary. The first property, 400 West Georgia Street, will be managed by Allied starting from January 1, 2025. The transaction is based on a total property value of $395M and the property is subject to secured financing in the amount of $250 million.
The Deloitte Summit, located at 400 W Georgia, is 82% leased to various tenants
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