From Urban Toronto.ca — First Capital Realty to Invest $1 Billion in Major Canadian Urban Centres

CEO Dori Segal of First Capital Realty (FRC) has announced $1 Billion in investments over the next five years in major Canadian urban centres, that is to say Quebec City, the Greater Montreal Area, Ottawa/Gatineau, the Greater Toronto Area & Southwestern Ontario (London), Edmonton, Calgary, and the Greater Vancouver Area. The company focuses on the (re)development of shopping centres and projects with a large retail component, as 38.9% of their income coming from rents is from supermarkets, liquor and drugstores, banks and other financial institutions, spread-out across the country in 163 properties representing a surface of 24.6 million square feet. Read more: First Capital Realty to Invest $1 Billion Over the Next 5 Years | Urban Toronto

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