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Hudson’s Bay Parent Launches Property Development Arm

Holding Company Headquartered in Toronto, New York Looks to Maximize Value of Real Estate Assets
HBC sold the Lord & Taylor building in New York City for 850 million U.S. dollars in 2019. A new division at the company will look to enhance value at other real estate assets. (CoStar)
HBC sold the Lord & Taylor building in New York City for 850 million U.S. dollars in 2019. A new division at the company will look to enhance value at other real estate assets. (CoStar)
By Garry Marr, Jennifer Waters
CoStar News
October 19, 2020 | 9:38 P.M.

HBC, the holding company that owns storied retailers Saks Fifth Avenue and Hudson’s Bay, unveiled a new development arm to maximize the value of its real estate assets.

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