Building ********
** ***** ****, ******** ********* ****** *** ****** ** ******** ********* *** $** ******* CAD.
******** ** ********* ********** *** ********* the ******** **** ***** ** **** in ****** ****.
Sale / *********
***, ******** ** ******** ** **** the ********, **** * ********* ***** of ~$*** ******* ***.
*******, ******** ***** ***** ** *** the ******** ** **** **** ** leasing ** **** **** *** ********* buyer.
Profits ********
** ******* ******, *** ******* ****** **** - **** ***%. *******, **** ***** to ****** ** ******** ** ********* the ********, ***** *** $*.* ******* USD *** *** ***** * ******** of **** *** *******, *********** ***** until *** ****** **** ****-**.
** ******** ***** ****** ** ~$** million ***, ******** **** *** *** targeted $*** ******* *** ******** *** factoring ** ******* ********* ***** *** transaction ***** ** *** ****.
** **********, ********'* *** ****** *** the ***** * ****** ** **** was **** **** $* *******, ** this ***** ** ***** * ****, though ******* ** *** *** **** nature *** *********** ****** ******* ***** expenses.
**** ********
****** *** *******, * **** *** would **** ******** * **** ******** which **** *** *** ** ****** debt (***** *** ***** ************* **** the **** *** *****) ** *** to ******** ** ***** ******** (*.*., acquisitions).
Bubble *********
********'* ****** ****** ** ***** **** is **** "*********'***** ****** ****** ** ** * period ** ************* ******." ** ** so ****, **** **** ** *******. ** ******** *** ** **** to *** *** ** ***.
Investor *** ****
******* ********* ******* ** ** ******* confidence **** *********. ** *******'* ************ **** *******, ********* *** ******** **** ****** unhappy **** ********, ******* ** *** falling ***** ***** *** ***** **** buying *** ********, ***** **** **** was ** ************* ***** *** ********* **** their **** ********.
Outlook ******** *** *******
** ******** *** **** * **** deal ***, **** ***** *** **** get * ***** ** **** / profits *** ******** ** ******* ********** with *********.
** ******, *** ****** ****** **** be ***** ******* *********** *******. ********* are ********* ~**% ****** **** *** the ******* ** **** *******, ***** is ***** **** ** *** ***** notably ****** **** ********'* ** ******* as **** ** *** ********'*. ******* the ******** ** **** ** ***, that **** ****** ******* ********'* ***** term ****** ****.
Comments (13)
Paul Curran
I guess money makes money:D
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Undisclosed Integrator #1
The subject heading had me worried for a bit.
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Undisclosed #3
Why would anyone pay them what they are asking for?
What kind of renovations could possibly more than double the value of the location?
Even if Vancouver is in a real estate bubble - that valuation is ridiculous.
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Undisclosed #2
The more they get on the sale, the more they'll pay in rent ;)
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Undisclosed Manufacturer #4
AS I said little more than a week or 2 ago, Avigilon was not primed in achieving increased profits from their video surveillance sales and they had announced nothing earth shattering to increase revenue. They may increase sales but only by decreasing sales prices.
However:
Their CEO may have had a plan up his sleeve to achieve "profits" that he was talking about, and this may have been it all along. " Let's sell a building.
Impressive to investors? Yeah, right.
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John Honovich
An article / marketing pitch posted for the building, key points:
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John Honovich
Update: The building has been sold for $107.5 million CAD, over their projected $100 million mark. No details were provided on the term of the lease / cost of the lease, etc., which would impact the overall value of the deal.
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