{"id":16970,"date":"2018-11-01T09:10:00","date_gmt":"2018-11-01T13:10:00","guid":{"rendered":"https:\/\/www.choicereit.ca\/news-release\/loblaw-conclut-la-scission-de-choice-properties-reit\/"},"modified":"2018-11-01T09:10:00","modified_gmt":"2018-11-01T13:10:00","slug":"loblaw-conclut-la-scission-de-choice-properties-reit","status":"publish","type":"news-release","link":"https:\/\/www.choicereit.ca\/fr\/news-release\/loblaw-conclut-la-scission-de-choice-properties-reit\/","title":{"rendered":"Loblaw conclut la scission de Choice Properties REIT"},"content":{"rendered":"<p><span class=\"xn-location\">TORONTO<\/span>, <span class=\"xn-chron\">Nov. 1, 2018<\/span> \/CNW\/ \u2013 Today, Loblaw Companies Limited (TSX: L, \u00ab\u00a0<b>Loblaw<\/b>\u00ab\u00a0) and George Weston Limited (TSX: WN, \u00ab\u00a0<b>GWL<\/b>\u00ab\u00a0) announced that Loblaw has completed the spin out of its 61.6% effective interest in Choice Properties Real Estate Investment Trust (TSX: CHP.UN, \u00ab\u00a0<b>Choice Properties<\/b>\u00ab\u00a0) pursuant to a previously announced plan of arrangement (the \u00ab\u00a0<b>Arrangemen<\/b>t\u00a0\u00bb). <\/p>\n<p>GWL now owns an approximate 65.4% effective interest in Choice Properties directly (which includes the approximate 3.8% effective interest in Choice Properties owned by GWL prior to the reorganization). <\/p>\n<p>Choice Properties confirmed support of the Arrangement as GWL is a more natural long-term owner of Choice Properties and will provide support and capital for its growth and diversification plans.<\/p>\n<p>The reorganization will have no impact on the important, ongoing relationship between Loblaw and Choice Properties.  All current agreements and arrangements with Loblaw, including the Strategic Alliance Agreement and leases, will remain in place after the reorganization. In addition, Loblaw will continue to be Choice Properties\u2019 largest tenant.<\/p>\n<p><b>About Choice Properties REIT<\/b><\/p>\n<p>Choice Properties, <span class=\"xn-location\">Canada\u2019s<\/span> preeminent diversified real estate investment trust, is the owner and manager of a high-quality real estate portfolio, comprising 757 properties totaling 67.0 million square feet of gross leasable area.  The Choice Properties\u2019 portfolio consists of retail properties predominantly leased to necessity\u2010based tenants, as well as industrial, office and residential assets concentrated in attractive markets.  Choice Properties also has a significant property development program. Choice Properties\u2019 strategic alliance with its principal tenant, Loblaw, the country\u2019s leading retailer, is a key competitive advantage providing long-term growth opportunities. For more information, visit Choice Properties\u2019 website at <a target=\"_blank\" href=\"http:\/\/www.choicereit.ca\/\" rel=\"nofollow noopener noreferrer\">www.choicereit.ca<\/a> and Choice Properties\u2019 issuer profile at <a target=\"_blank\" href=\"http:\/\/www.sedar.com\/\" rel=\"nofollow noopener noreferrer\">www.sedar.com<\/a>. <\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>This press release for Choice Properties contains forward-looking statements concerning the expected impact of the spin-out of Loblaw\u2019s interest in Choice Properties on Choice Properties\u2019 relationship with Loblaw and GWL going forward. Forward-looking statements are typically identified by words such as \u00ab\u00a0expect\u00a0\u00bb, \u00ab\u00a0anticipate\u00a0\u00bb, \u00ab\u00a0believe\u00a0\u00bb, \u00ab\u00a0foresee\u00a0\u00bb, \u00ab\u00a0could\u00a0\u00bb, \u00ab\u00a0estimate\u00a0\u00bb, \u00ab\u00a0goal\u00a0\u00bb, \u00ab\u00a0intend\u00a0\u00bb, \u00ab\u00a0plan\u00a0\u00bb, \u00ab\u00a0seek\u00a0\u00bb, \u00ab\u00a0strive\u00a0\u00bb, \u00ab\u00a0will\u00a0\u00bb, \u00ab\u00a0may\u00a0\u00bb and \u00ab\u00a0should\u00a0\u00bb and similar expressions. Forward-looking statements reflect current estimates, beliefs and assumptions, which are based on Choice Properties\u2019 perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. Choice Properties\u2019 estimates, beliefs and assumptions are inherently subject to significant business, economic, competitive and other uncertainties and contingencies regarding future events and as such, are subject to change. Choice Properties can give no assurance that such estimates, beliefs and assumptions will prove to be correct.<\/p>\n<p>Numerous risks and uncertainties could cause Choice Properties\u2019 actual results to differ materially from the estimates, beliefs and assumptions expressed or implied in those forward-looking statements.<\/p>\n<p>Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect Choice Properties\u2019 expectations only as of the date of this release. Choice Properties disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.<\/p>\n<p>SOURCE  Choice Properties Real Estate Investment Trust<\/p>\n<p><img decoding=\"async\" alt=\"Rt\" src=\"https:\/\/rt.newswire.ca\/rt.gif?NewsItemId=C2364&amp;Transmission_Id=201811010910CANADANWCANADAPR_C2364&amp;DateId=20181101\" style=\"border:0px; width:1px; height:1px;\"><\/p>\n","protected":false},"template":"","class_list":["post-16970","news-release","type-news-release","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Loblaw conclut la scission de Choice Properties REIT - Propri\u00e9t\u00e9s DeChoix<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.choicereit.ca\/news-release\/loblaw-completes-spin-out-of-choice-properties-reit\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Loblaw conclut la scission de Choice Properties REIT\" \/>\n<meta property=\"og:description\" content=\"TORONTO, Nov. 1, 2018 \/CNW\/ \u2013 Today, Loblaw Companies Limited (TSX: L, \u00ab\u00a0Loblaw\u00ab\u00a0) and George Weston Limited (TSX: WN, \u00ab\u00a0GWL\u00ab\u00a0) announced that Loblaw has completed the spin out of its 61.6% effective interest in Choice Properties Real Estate Investment Trust (TSX: CHP.UN, \u00ab\u00a0Choice Properties\u00ab\u00a0) pursuant to a previously announced plan of arrangement (the \u00ab\u00a0Arrangement\u00a0\u00bb). 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