National

CP Rail to tap value of excess lands with property developer Dream Unlimited

Darpan News Desk The Canadian Press, 20 Jan, 2015 10:24 AM

CALGARY — Canadian Pacific (TSX:CP) has chosen a partner to help the railway develop its surplus real estate, including sites in Chicago, Toronto, Montreal and Edmonton.

It will work with Dream Unlimited Corp. (TSX:DRM), a Toronto-based real estate developer focused on residential properties, renewable energy infrastructure and commercial real estate.

Together they will form Dream Van Horne Properties, a nod to early CP president William Van Horne.

The largest of the three sites is at the railway's South Edmonton Yard, a 32-hectares site near the city's downtown. The smallest parcel is a 1.2-hectare plot in downtown Montreal.

The joint venture will also look to develop a 30-hectare location in Chicago and a 30-hectare site near Toronto.

Prev Next

MORE National ARTICLES

Four Arrested After Five People Shot In Toronto: Police

TORONTO — Four people have been arrested in a shooting in northwest Toronto that sent five people to hospital, one with life-threatening injuries, police said Thursday.

Four Arrested After Five People Shot In Toronto: Police

Changes To Police Record-Check Policies Hopeful: B.C. Privacy Commissioner

In a critical report released last year, Elizabeth Denham said police record checks were revealing sensitive personal information beyond what was necessary for employment or volunteering.

Changes To Police Record-Check Policies Hopeful: B.C. Privacy Commissioner

Laid off Target workers face grim job prospects, labour experts say

TORONTO — Laid off retail workers, including more than 17,000 hit by Target's decision to pull out of Canada, face grim job prospects as they dust off their resumes and start looking for work, according to labour experts.

Laid off Target workers face grim job prospects, labour experts say

Beyond Fort McMurray, oilpatch country feeling the pinch from low crude

CALGARY — If low oil prices stick around much longer, the operations manager at Lac La Biche Transport Ltd. says he will have to layoff workers.

Beyond Fort McMurray, oilpatch country feeling the pinch from low crude

NDP seeks probe of Canada Revenue Agency's text message destruction

OTTAWA — A New Democrat MP is asking the federal information watchdog to investigate the Canada Revenue Agency's systematic deletion of employee text messages.

NDP seeks probe of Canada Revenue Agency's text message destruction

Ottawa threatens to use rare law in Buy America dispute with U.S.

OTTAWA — The Canadian government is threatening to block a U.S. construction project in British Columbia after the state of Alaska rejected Ottawa's demands that it ditch the project's Buy America restrictions.