Allied Properties is increasing its ownership position in two development projects in Vancouver and Toronto, but one investment analyst called it an expensive move to distance the real estate investment trust from Westbank Corp.
Allied Properties Raises Stake in Pair of Toronto and Vancouver Assets
Deals Reduce Toronto REIT's Exposure to Vancouver's Westbank Corp.
By Garry Marr
CoStar News
March 12, 2024 | 8:03 P.M.
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IN THIS ARTICLE
- Properties
- Duncan House
19 Duncan St, Toronto, ON
- Deloitte Summit
410 Georgia St, Vancouver, BC
- Companies
- Westbank Corp
Real Estate
- Allied
Real Estate
- Contacts
- Michael Emory
Founder & Executive Chair of the Board, Allied