+ Cenovus restarted activities at Foster Creek oilsands project that were shut due to forest fire risk
+ CNRL resuming production at Kirby South oil sands project a wildfire risk abates
+ MEG Energy Corp. resumed normal operations at its Christina Lake facilities as forest fires in the area are now being held or are under control
+ Pembina Pipeline Corporation announced will expand the Horizon Pipeline System; boost in capacity of 250,000 barrels/day, capital cost $125 million – to be in service by mid-2016
FACILITYCalgary current week data
this site is refreshed with a new issue every Tuesday morning
+ On climate change we often don’t fully appreciate that it is a problem. We think it is a problem waiting to happen. – Kofi Annan
+ I can’t imagine a day without coffee. I can’t imagine! – Howard Schultz
INTERESTING REAL ESTATE NEWS, other places
+ Brookfield Property Partners LT agreed to acquire Center Parcs UK, and operator or woodland resorts in Britain from Blackstone Group; terms not disclosed
+ Chartwell Retirement Residences closed $40.1 million acquisition of 50% interest in Chartwell Pickering City Centre Retirement Residence to now hold 100%
+ Ivanhoé Cambridge agreed to sell two Paris office properties to Gecina for €1.24 billion; together with Blackstone Ivanhoé Cambridge holds a substantial stake in Gecina
+ Milestone Apartments REIT agreed to acquired 252 unit property in Charlotte, NC fro US$32.3 million; going in CAP rate 6.4%
+ Slate Retail REIT agreed to acquire Barefoot Commons, 90,702 sq. ft. grocery anchored shopping centre in North Myrtle Beach, SC for US$ 14.9 million
+ Cadillac Fairview has bought back two Calgary leases of former Target stores; Chinook and Market Mall
+ Calgary Leasing Conference – strong attendance (400+ commercial real estate professionals), consensus of ‘weather the storm’ during downcyle, innovate and wait .. tic toc …
+ Cenovus Energy Inc. agreed to acquire the North American Terminal Operations (crude-by-rail trans-loading facility) at Bruderheim from Canexus for $75 million
+ Cenovus restarted activities at Foster Creek oilsands project that were shut due to forest fire risk
+ CNRL resuming production at Kirby South oil sands project a wildfire risk abates
+ Delphi Energy Corp. agreed to sell its Greater Wapiti assets for $50 million
+ Eagle Energy Trust adopted a shareholder rights plan
+ Exxon Mobil Corp. selected an on-shore terminal plan for its proposed LNG export terminal at Prince Rupert
+ Greek debt future continues to look bleak; Greece wants compromise, EU creditors and IMF want their money .. tic toc ..
+ G7 Summit held in Germany; Canada and Japan resisted aggressive climate change measures – in the end, G7 leaders resolved to move toward a no-carbon economy by 2100 … tic toc
+ Ivanhoe Energy Inc. is bankrupt; restructuring attempts failed
+ Lowe’s is taking over two Calgary leases of former Target stores; Shawnessy and Signal Hill; landlord of both is RioCan REIT
+ Lynden International acquired Haas Industries
+ Tidewater Midstream and Infrastructure Ltd. agreed to acquire 63% interest in West Pembina pipeline assets for $180 million
+ Maxim Resources Inc. agreed to be acquired by Quest Investments LLC
+ MEG Energy Corp. resumed normal operations at its Christina Lake facilities as forest fires in the area are now being held or are under control
+ OPEC meeting – resolved to continue with current output levels
+ Pembina Pipeline Corporation announced will expand the Horizon Pipeline System; boost in capacity of 250,000 barrels/day, capital cost $125 million – to be in service by mid-2016
+ Rosen Intelligent Plastic Solutions opened 67,000 sq. ft factory on Ogden Road
+ Zaio Corporation closed its acquisition of Valuation Vision LLC
FINANCINGS - proposed & closed
+ Alimentation Couche-Tard Inc. closed $700 million sr. unsecured debt financing
+ ARC Energy Fund 8 closed $1.5 billion in equity capital
+ Bonterra Energy Corp. is on the market to raise $38.4 million in equity
+ Canadian Natural Resources Limited is on the market to raise $500 million in debt
+ Canbriam Energy Inc. closed US$101 million sr. unsecured debt financing
+ Crius Energy Trust is on the market to raise $40.1 million in equity
+ Royal Bank of Canad closed $150 million preferred share issue
+ Tamarack Valley Energy Ltd. closed $74,079,880 flow-through shares issue
+ Tourmaline Oil Corp. is on the market to raise $167,875,000 in equity
CLIMATE CHANGE IN THE NEWS
+ Alberta Environment and Parks Minister Shannon Phillips announced the new regulations will be introduced before the current Specified Gas Emitters Regulation (four of them) expire June 30/15
+ G7 Summit held in Germany; Canada and Japan resisted aggressive climate change measures – in the end, G7 leaders resolved to move toward a no-carbon economy by 2100 … tic toc
this week in REITS
+ Lowe’s is taking over two Calgary leases of former Target stores; Shawnessy and Signal Hill; landlord of both is RioCan REIT
+ Milestone Apartments REIT agreed to acquired 252 unit property in Charlotte, NC fro US$32.3 million; going in CAP rate 6.4%
+ Nobel REIT closed $12 million equity financing
+ Nobel REIT closed its acquisition of 81,068 sq. ft. single tenant industrial bldg. in Montreal; sale/leaseback transaction, $7.8 million
+ Slate Retail REIT agreed to acquire Barefoot Commons, 90,702 sq. ft. grocery anchored shopping centre in North Myrtle Beach, SC for US$ 14.9 million
INFRASTRUCTURE / P3 / GREEN
+ Aecon Group Inc. agreed to sell its 45.5% interest in the Quito, Peru airport concession for US$232.6 million
+ AltaGas Ltd. opened its its Forrest Kerr, Volcano Creek and McLymont Creek run-of-river hydroelectric facilities in northwest British Columbia
+ Chinook Resources Management Group consortium selected as preferred proponent to Design, Build, Finance and Operate an Organics Waste Composting facility for the City of Calgary; facility will process 100,000 wet tonnes per year of source separated organics, leaf and yard material as well as approximately 45,500 wet tonnes per year of biosolids; contract award June/July 2015, completion late 2017
+ Fengate Capital Management established US$180 million infrastructure investment venture with Korean investors organized by KB Financial Group for investments in Canada
SAVE THE DATE / GOLF TOURNAMENTS
+ June 25; 19th Annual Stay in School/Rotary – Calgary Connector Charity Golf Classic, Silvertip, Canmore;info/register
+ July 9; 13th Annual Coast Hotels – Shu Naito Golf Classic, Westwood Plateau, Coquitlam;info/register
+ July 14-16; Willow Park Charity Golf Classic, Willow Park Golf & CC, Calgarydonate/register
