Shopify will not occupy its space at the 7.8-acre downtown Toronto development known as The Well, according to a Bay Street analyst, but the outcome could prove advantageous to Allied Properties and RioCan, the two Toronto REITs behind the project.
Shopify’s Decision To Not Occupy Toronto Tower Could Bode Well for Ownership, Analyst Says
Allied and RioCan Report Development Known As the Well Is Almost Fully Occupied
By Garry Marr
CoStar News
December 21, 2022 | 10:14 P.M.
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IN THIS ARTICLE
- Properties
- The Well
8 Spadina Ave, Toronto, ON
- Companies
- Allied
Real Estate
- RioCan Real Estate Investment Trust
Real Estate
- Contacts
- Sam Damiani
Director & Equity Research Analyst, TD Securities