Morguard completes sale of Ottawa’s 131 Queen Street leasehold interest for $148.2 million
Bitget2026/10/28 16:15- Morguard completed the sale of its leasehold interest in 131 Queen Street in Ottawa to Public Services and Procurement Canada.
- Gross proceeds totaled $148.2 million, a 34% premium to the previously reported IFRS fair value before adjustment under the lease valuation provisions.
- Net cash proceeds were approximately $118.2 million following repayment of $29.6 million in property-related debt and closing costs.
- The proceeds will partially fund the multi-suite residential portfolio acquisition announced earlier this year.
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