BRIEF-RioCan Real Estate Investment Trust provides an update on disposition pipeline

Mon Nov 18, 2013 8:12am EST
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Nov 18 (Reuters) - RioCan Real Estate Investment Trust : * Provides an update on disposition pipeline * Reit- has entered into a firm contract to sell 50% share in quartiers dix/30

to its partner devimco at a sale price of $192.5 million * Reit -says partner will assume riocan's share of outstanding debt

on property, amoutning to $92.4 million * Says the disposition is expected to be completed in the fourth quarter of

2013 * Reit -has also entered into firm contract to sell brick plaza, a

non-grocery anchored retail centre in Windsor for $1.9 million * Says the brick plaza property will be sold free and clear of financing * Source text for Eikon * Further company coverage