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PR Newswire
22-01-2014, 10:26 AM
Moving to look more like a service-base company, with asset-light strategy. It is a good move, IMO...
BlackBerry to divest majority of its Canadian real estate
[TORONTO] BlackBerry Ltd said on Tuesday it intends to divest the majority of its real estate holdings in Canada, as it works to bolster its balance sheet and turnaround its fortunes.
In partnership with commercial real estate services company CBRE, BlackBerry said it intends to strategically divest the majority of its real estate assets via a combination of sale-leaseback and vacant asset sales.
The company did not disclose how much it expects to raise from the process.
The properties being put on sale comprise over 3 million square feet of office space, the company said.
Ref: Reuters, Business Times Breaking News
BlackBerry to divest majority of its Canadian real estate
[TORONTO] BlackBerry Ltd said on Tuesday it intends to divest the majority of its real estate holdings in Canada, as it works to bolster its balance sheet and turnaround its fortunes.
In partnership with commercial real estate services company CBRE, BlackBerry said it intends to strategically divest the majority of its real estate assets via a combination of sale-leaseback and vacant asset sales.
The company did not disclose how much it expects to raise from the process.
The properties being put on sale comprise over 3 million square feet of office space, the company said.
Ref: Reuters, Business Times Breaking News
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡