RICHMOND, BC, Oct. 21, 2014 /CNW/ - Huntingdon Capital Corp. (the "Corporation" or "Huntingdon") (TSX: HNT, TSX: HNT.DB andTSX: HNT.WT) announced today that it has closed the sale of 650 Riverview Drive, a 282,203 sf industrial property in Chatham, Ontario. The gross sale proceeds are about $1.3 million before closing costs.
The property is 38% occupied and is unencumbered. After closing costs, the net cash proceeds are estimated to be $1.2 million.
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 23 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 30.7% 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: [email protected]