George Brown College and Halmont Properties Corporation entered into an agreement to acquire Corus Quay from H&R Real Estate Investment Trust (TSX:HR.UN) for approximately CAD 230 million.

George Brown College and Halmont Properties Corporation (TSXV:HMT) entered into an agreement to acquire Corus Quay from H&R Real Estate Investment Trust (TSX:HR.UN) for approximately CAD 230 million on December 13, 2023. The net proceeds of approximately CAD 168 million are expected to be used to repay debt and fund the REIT?s current developments. The expected closing for the sale is April 2024 and is subject to customary closing conditions.