Targeted retail occupancy is Spring 2021. Treasuries. Our business continues to operate efficiently and effectively, thanks to the resilience and determination of our teams across the country. The Company owns and operates primarily retail and office real estate assets located in Canada. “As I look back on Crombie's progress over the past 11 years, I cannot help but be proud of how far we’ve come. We are grateful, and are committed to ensuring our employees and their families do not suffer financially because of this temporary new reality. What's New at Crombie. In the past 10 years, we've grown in size and value, from an $800-million to a $4.8-billion dollar company that's recognized and respected across Canada. Crombie REIT to pay 7.417-cent distribution Jan. 15. Find the latest CROMBIE REAL ESTATE INVESTMENT (CRR-UN.TO) stock quote, history, news and other vital information to help you with your stock trading and investing. Please connect with us (. Since mid-March, people across Canada have been working hard to slow the spread of COVID-19. Crombie entered a joint venture partnership with PrinceDev in the 5.66 acre mixed use development project shadow-anchored by Farm Boy (opening Spring 2021) and Rexall. Crombie and our development partner Westbank have submitted a revised rezoning application for Broadway and Commercial, a mixed-use, transit-oriented development that is the most significant city-building opportunity in the Grandview Woodland neighbourhood. Crombie REIT announced today that its Board of Trustees has declared a special distribution of $0.56 per unit. Company News Mexico Reaches Water Deal with U.S. In that time we have grown from a small Atlantic Canadian organization into a leading national REIT with assets of $4.6 billion and a significant development potential over the next 10 to 15 years. Crombie’s Commitment to Healthy & Safe Communities. Crombie believes that the world would be a better place if everyone felt a sense of belonging to their community. This development replaces Bronte Village Mall with two luxury rental residential towers (10 and 14 storeys) containing 483 units, with 614 underground parking spaces, and 13,500 sq. ft. of new complementary retail space on the ground floor (. Get today's Crombie REIT stock news. Why work for Crombie? This belief commits Crombie to invest in and build welcoming, convenient and long-term real estate properties where people live, work, shop and play. Hand sanitizer dispensers are available in all common areas, and we have confirmed that this product is effective when used correctly. A joint venture project with PrinceDev, the new Le Duke mixed use development is adjacent to the new Bonaventure Greenway in Old Montreal, comprising an estimated $127 million investment, 25 storey mixed use tower with 390 residential rental units above a 25,000 sq. Currencies. At Crombie we are committed to the health and safety of our employees, tenants, and communities. We are all familiar with Terry Fox, and almost everyone has heard the story behind his Marathon. Our regular cleaning activities continue to be of utmost importance as a protective measure against the virus, at all of our properties. We have taken a number of steps to protect the safety of our tenants, customers, and visitors. NEW GLASGOW, NS, Oct. 19, 2020 /CNW/ - Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from October 1, … The P/E ratio of Crombie Real Estate Investment Trust is 24.53, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 69.02. NEW GLASGOW, NS, Nov. 16, 2020 /CNW/ - Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from November 1, 2020, to and including November 30, 2020.. Since mid-March, people across Canada have been working hard to slow the spread of COVID-19. ft. of new complementary retail space on the ground floor (www.thevillageatbronte.com). With the continued support of Crombie’s employees and investors, I am confident we will continue to be building a better REIT for many years to come.”, Thank you for signing up! ... Crombie Real Estate Investment Trust is a Canada-based national real estate investment trusts. Crombie’s team is no exception – our office employees quickly made the move to working from home, while our on-site property teams ensured our properties remained operational, clean and safe. Developed as a highly desirable, grocery anchored, mixed use centre in Langford, BC, Belmont Market is under active development. Crombie REIT a ‘Standout’ During Difficult Times, says Vigilant Management CEO. ft. is currently available for lease, in addition 17,000 sq. The Victor Chen Memorial Park commemorates Victor and his career, as he played a key role in the completion of several development projects across the West Shore. Crombie REIT News. Crombie REIT will sell a majority non-managing interest in 15 additional grocery store-anchored retail properties across Canada to Oak Street Real Estate Capital of Chicago for $193 million.. Many of our tenants are businesses that have remained open throughout COVID-19, moving quickly to adapt their policies and operations to ensure the essential goods and services our communities rely on are accessible in this time of need. The centre is currently estimated at 160,000 sq. Price to Book Value per Share Ratio. Broadway + Commercial’s rezoning application makes headlines! ft. IGA branded Sobeys grocery store, 1,000 sq. From PR Newswire. Crombie Reit Announces Redemption of Outstanding 5.25% Series E Extendible Convertible Debentures Due March 31, 2021 It is these very spaces that encourage and enhance human connections. ft. of retail space with frontage on William Street and 300 underground parking stalls. The distribution will be payable on November 13, 2020, to unitholders of record as at October 31, 2020.. About Crombie REIT Although his Marathon came to an end before making it to the West Coast, this was just the beginning of Terry’s legacy. At Crombie we are committed to the health and safety of our employees, tenants, and communities. Ahead of Saturday Deadline Mexico reached a deal to supply water to the U.S. under a seven-decade-old treaty, ending an escalating stalemate ahead of a Saturday deadline, President Andres Manuel Lopez Obrador said. Park at Belmont Market built in memory of Langford engineer. We're an engaged part of each community in which we operate. Crombie REIT will sell an 89 per cent, non-managing interest in 26 retail properties across Canada to an undisclosed U.S. private equity group.The sale price for the interest in the portfolio of mainly grocery-anchored properties is $161.6 million. This belief commits Crombie to invest in and build welcoming, convenient and long-term real estate properties where people live, work, shop and play. Broadway + Commercial’s rezoning application makes headlines! Through commercial, retail, and residential developments, we're helping build the future of real estate in Canada. Crombie REIT, New Glasgow. As economies across the country begin to slowly reopen, we are taking the steps necessary to enable us to welcome customers to our sites in the safest manner possible. 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