Huntingdon Capital Corp. Announces the Sale of Alberta Retail Property for Gross Proceeds of $1.9 million

RICHMOND, BC, Sept. 25, 2014 /CNW/ - Huntingdon Capital Corp. (the "Corporation" or "Huntingdon") (TSX: HNT, TSX: HNT.DB and TSX: HNT.WT) announced today that it has closed the sale of Cumbria Centre, a two-level 21,886 sf strip retail centre located in Spruce Grove, Alberta. The gross sale proceeds are $1.9 million before closing costs.

Cumbria Centre is 66% occupied and had a fair value, determined under International Financial Reporting Standards, of $1.2 million. After closing costs and the repayment of mortgage debt, the net cash proceeds are estimated to be $1.2 million.

About Huntingdon:

Huntingdon is a real estate operating company listed on the TSX (Common Shares: HNT; Debentures: HNT.DB; Warrants: HNT.WT). Huntingdon owns and manages a portfolio of 24 industrial, office, retail and aviation-related properties throughout Canada that have a total gross leasable area of 1.9 million square feet. In addition, Huntingdon owns a 30.5% interest in FAM REIT (TSX: F.UN) (TSX: F.WT) and manages, on behalf of FAM REIT, a portfolio of 28 industrial, office, and retail properties throughout Canada that have a gross leasable area of 1.8 million square feet.

The Toronto Stock Exchange has not reviewed nor approved the contents of this press release and does not accept responsibility for the adequacy or accuracy of this press release.

SOURCE: Huntingdon Capital Corp.

For further information: Sandeep Manak, President and Chief Executive Officer, Tel: (604) 249-5113, Fax: (604) 249-5101, Email:

Organization Profile

Huntingdon Capital Corp.

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890