The building will be bought for $18.7 million, and is expected to yield annual rental income of $1.35 million.
Edgar Investments announced that a wholly owned subsidiary has signed an agreement for the acquisition of an office building in Toronto at a price of $18.7 million. The purchase price will initially be funded from the company's own resources, and it is due to be carried out in July.
The building totals 9,700 square meters and 100 under-ground parking spaces. The building is fully leased to 17 different tenants and the current annual rental income is $1.35 million.
Edgar is active mainly in Canada, Europe and Israel.
Published by Globes [online], Israel business news - www.globes.co.il - on January 10, 2007
© Copyright of Globes Publisher Itonut (1983) Ltd. 2007