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VANCOUVER, Dec. 22, 2017 /CNW/ - Sunstone Opportunity Fund (2006) Limited Partnership, Sunstone Opportunity Fund (2006) Realty Trust and Sunstone Opportunity (2006) Debenture Fund, today announce that they have successfully completed the disposition of their 100% interest in Les Galeries Kirkland located in Montreal, Quebec, for a total sale price of $10.42 million less standard closing costs and adjustments.
Les Galeries Kirkland is located in the Kirkland sub-market of Montreal. Like many retail shopping centres, Les Galeries Kirkland was impacted by the changing retail environment resulting from e-commerce, which in turn resulted in a longer hold period and the need to undertake some significant renovations in order to successfully divest the asset.
Additional information about Sunstone is available at sunstoneadvisors.com or sedar.com.
SOURCE Sunstone Realty Advisors Inc.
For further information: Andrew Greig, Director of Business Development, Direct: 604-449-5286, Email: [email protected]; Sunstone Opportunity Fund (2006), West Georgia Street, Suite 910, Vancouver, BC, V6C 3L2, Tel: 604-681-5959, Toll Free: 1-888-681-5959, Fax: 604-681-5969