|
Back to Home » October 2017 News » Fronsac Announces the Acquisition of Three Properties |
Fronsac Announces the Acquisition of Three Properties |
October 20, 2017
MONTREAL, QUEBEC--(Marketwired - Oct. 19, 2017) - (TSX VENTURE:GAZ.UN) Fronsac Real Estate Investment Trust ("Fronsac REIT" or "Fronsac") is pleased to announce the closing of three (3) acquisitions. The first two properties were acquired under a sale and lease-back agreement with Value Village Canada. They are located in Quebec City, Quebec, and are both operated as retail stores under the Village des Valeurs banner. Total consideration paid for these properties was $6,200,000 (excluding transaction costs) and was settled in cash. Combined, the properties will generate approximately $475,000 per year in net operating income.
Source URL: http://www.marketwired.com/mw/release.do?id=2237793&sourceType=3
|
|
|
|
