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CROMBIE REIT CLOSES STRATEGIC ACQUISITION OF ZEPHYR RESIDENTIAL AT 1661 DAVIE STREET

Newswire.ca - Thu Oct 17, 11:35AM CDT

NEW GLASGOW, NS, Oct. 17, 2024 /CNW/ - Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announced that on October 15, 2024 it has completed the previously announced acquisition of the remaining 50% of Zephyr, in Vancouver, British Columbia, from its partner, Westbank Corp., for an aggregate purchase price of $133 million. Through this acquisition, Crombie will now own 100% of the residential component, in addition to its existing full ownership of the ground floor grocery-anchored retail.

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