August 29, 2016 / 9:52 PM / a year ago

BRIEF-Summit Industrial Income Reit announces London, Ontario acquisition for about $16.6 mln

Aug 29 (Reuters) - Summit Industrial Income Reit :

* Summit Industrial Income Reit announces London, Ontario acquisition and accretive financing for Calgary, Alberta property purchase

* Deal for $16.6 million

* Acquisition will be financed with a new $10.4 million seven-year mortgage bearing an interest rate of 3.04%

* Property also includes land available for future potential expansion of approximately 100,000 square feet

* Arranged accretive financing for acquisition of light industrial property in Calgary, Alberta Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below