Montreal-based PRO REIT reports that it has entered into an agreement to acquire a 100 percent interest in a portfolio of six industrial properties located in Winnipeg in Manitoba totaling 678,177 square feet of GLA for an aggregate purchase price of $96.5 million(Cdn) from Toronto-based Parkit Enterprise Inc. The transaction is expected to close in the second quarter of 2025. This expands PRO REIT’s Winnipeg small- and mid-bay portfolio to 22 properties, including one parcel of development land, and approximately 1.3 million square feet of GLA. It also establishes a strategic relationship with Parkit for future growth opportunities. (PRO REIT – www.proreit.com) & (Parkit Enterprises Inc. – www.parkitenterprise.com)………….
Edmonton-based chain of vehicle dealerships Go Auto has acquired Downtown Kia, a dealership and service centre at 2430 Burrard St, north of West Broadway in Vancouver. It is Go Auto’s first dealership in downtown Vancouver and 15th location in the Greater Vancouver area It is also Go Auto’s third Kia dealership in Western Canada. Go Auto now operates 68 dealerships across North America, representing 28 new vehicle brands. (Go Auto – www.goauto.ca)…………
Somebody blinked and suddenly the China and the U.S. are buddies again and there’s talks of avoiding a downturn in the U.S. economy. But Canadian exports to the U.S. are still facing tariffs of 25 percent on many goods, with ten percent tariffs on energy products. Did you know that China is Canada’s second largest trading partner and Mexico, with their population of 130-million potential customers, are a distant third. Have a great week and buy Canadian………