April 11, 2018 / 4:31 PM / 5 months ago

BRIEF-Crombie REIT Announces New Mixed Use Development Partnerships

April 11 (Reuters) - Crombie Real Estate Investment Trust :

* CROMBIE REIT ANNOUNCES TWO NEW MIXED USE DEVELOPMENT PARTNERSHIPS

* ENTERED INTO TWO JV PARTNERSHIPS WITH AFFILIATE OF PLACE DORÉE & GROUPE CANVAR

* PARTNERSHIP RESULTS IN CO BECOMING 50% PARTNER IN NEW LE DUKE MIXED USE DEVELOPMENT AT 297 RUE DUKE IN MONTREAL

* DEVELOPMENT OF LE DUKE COMMENCED IN LATE 2017 WITH COMPLETION ESTIMATED IN 2020

* SECOND PARTNERSHIP RESULTS IN PRINCEDEV BECOMING 50% PARTNER IN CO'S ESTIMATED $275 MILLION OAKVILLE, BRONTE VILLAGE

* BRONTE VILLAGE IS EXPECTED TO COMMENCE CONSTRUCTION IN 2018 WITH COMPLETION ESTIMATED IN 2020.

* 50 PERCENT PARTNERSHIP IN NEW LE DUKE MIXED USE DEVELOPMENT COMPRISING AN ESTIMATED $127 MILLION INVESTMENT Source text for Eikon: Further company coverage:

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