crude at 6-yr. low | Brookfield Residential taken private | Chevron selling assets | Clique Hotel opens | Husky starts Sunrise | Prentice Watch | Shepard Energy Centre operation | U of C opens research centre at Pine Creek Wastewater Plant + Marshall Toner interview | upcoming events & corp. meetings + financings + executive and board appointments >>>>
+ Ivanhoé Cambridge announced acquired 3 Minster Court, a 275,000 sq. ft. office property in London, UK for £170 M; built in the early 1990s by the Prudential and is leased to London Underwriting Center
+ Sears Canada Inc. has signed a deal with Concord Pacific Group of Companies to sell and lease back three of its properties for $140 millio; stores and adjacent property at the Metropolis at Metrotown Mall, Burnaby, B.C., Cottonwood Mall, Chilliwack, B.C. and North Hill Shopping Centre, Calgary
SAVE THE DATE / GOLF TOURNAMENTS
+ June 8, IFMA Annual Golf Tournament, Inglewood Golf Course
QUOTES
+ We drive into the future using only our rearview mirror. – Marshall McLuhan
+ Architecture doesn’t come from theory. You don’t think your way through a building. – Arthur Erickson
+ Holcim and Lafarge €41 billion merger shaky; terms being renegotiated
+ Husky Energy started oil production at the Sunrise Energy oil sands project
+ Midwestern Oil and Gas Company Ltd. entered a definitive agreement to acquired Mart Resources Inc.
+ Northern Blizzard Resources Inc. announced its 2015 CapEx Budget is $86 million, down from $130 million previously announced
+ Northwest Healthcare Properties REIT and NorthWest International Healthcare Properties REIT agreed to combine operations
+ Oryx Petroleum Corporation Limited announced its 2015 CapEx Budget is $140 million, down from $350 million announced earlier
+ Perpetual Energy Inc. and Tourmaline Oil Corp. did an asset swap; $256.5 million consideration
+ PetroChina Vice-Chairman Liao Yongyuan being investigated for corruption
+ Prentice watch: he appointed former Calgary Police Chief as a candidate (precluding a constituency association nomination vote), promises of more supported spaces for seniors, promises of 300 new restorative care beds in Edmonton & Calgary, Municipal Government Act amendments to make City Charters possible, improve transparency, much talk about a lean budget coming and election call likely …
+ ReDev Properties Ltd. soled Castleridge II shopping centre to Avenue Commercial; price not disclosed
+ Verisk Analytics agreed to acquire Wood Mackenzie for US$2.8 billion
FINANCINGS - proposed & closed
+ Baytex Energy Corp. is on the market to raise $550 million in equity
+ Brookfield Infrastructure Partners LP closed $125 million preferred unit financing
+ Canadian Oil Recovery and Remediation Enterprises Ltd. closed $1.783 million common share & warrants financing
+ CIBC closed $300 million preferred share issue
+ Crescent Point Energy Corp. secured a $1 billion increase in its credit facilities to $3.6 billion
+ Dundee Acquisitions is on the market to raise $100 million by IPO
+ MCW Energy Group Limited closed US$2 million debt financing
+ National Bank of Canada closed $114,445,900 equity financing
+ Petrolia Inc. closed $2,182,800 flow-through shares equity financing
+ Royal Bank of Canada closed $300 million preferred share financing
+ Toronto Hydro Corporation is on the market to raise $200 million in sr. unsecured debt
INFRASTRUCTURE / P3 / GREEN
+ ENMAX Corporation and Capital Power Corporation’s Shepard Energy Centre in SE Calgary is now fully operational. The natural gas fired plant can generate 800 megawatts (MW) of electricity to the Alberta grid.
+ Hydro One, an Ontario crown corporation, is considering privatization
+ University of Calgary and City of Calgary will unveil the $38.5 million Advancing Canadian Wastewater Assets at the Pine Creek Wastewater Treatment Plant today; university researchers working side-by-side with municipal operators to advance wastewater treatment technologies
