Hudson’s Bay Company looking to sell flagship Vancouver property

Hudson’s Bay is looking to sell a flagship store in downtown Vancouver.

A corner try between Hudson’s Bay Co. and RioCan Real Estate Investment Trust says it might sell a downtown Vancouver property.

A matter pronounced that it’s intent with CBRE and Brookfield Financial Real Estate Group to try a sale.

The Granville Street skill is now assigned by a Hudson’s Bay dialect store, that has a long-term lease.

Interim CEO Richard Baker says any sale would embody a continued operation of a store.

The Hudson’s Bay plcae on Jun 10, 1918. The aged store is in foreground, a new store in a background. Granville Street is to a left. (National Archives of Canada/W.H. Calder around Canadian Press)

The corner try also says it expects to tighten on a $200-million debt on a skill and a deduction will be distributed proportionally to a partners.

The corner try owns or controls 10 flagship properties in Canada.

Article source: http://www.cbc.ca/news/canada/british-columbia/the-bay-vancouver-sale-1.4379866?cmp=rss