(Source: The Toronto Star)

RioCan Real Estate Investment Trust has paid $38 million to buy its partners’ interests in two developments in the Toronto area and in Calgary, the REIT announced Friday. RioCan now owns 100 per cent of the first phase of Centre Vaughan, a 25-acre site with a recently built retail development near Toronto, and 50 per cent of RioCan Beacon Hill Phase 1 in Calgary.

Read the full article “RioCan buys out partners in Toronto project” in the Toronto Star (Sept. 11, 2009).

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