CP Rail to tap value of excess lands with property developer Dream Unlimited

Darpan News Desk The Canadian Press, 20 Jan, 2015 10:24 AM

CALGARY — Canadian Pacific (TSX:CP) has chosen a partner to help the railway develop its surplus real estate, including sites in Chicago, Toronto, Montreal and Edmonton.

It will work with Dream Unlimited Corp. (TSX:DRM), a Toronto-based real estate developer focused on residential properties, renewable energy infrastructure and commercial real estate.

Together they will form Dream Van Horne Properties, a nod to early CP president William Van Horne.

The largest of the three sites is at the railway's South Edmonton Yard, a 32-hectares site near the city's downtown. The smallest parcel is a 1.2-hectare plot in downtown Montreal.

The joint venture will also look to develop a 30-hectare location in Chicago and a 30-hectare site near Toronto.

Prev Next

MORE National ARTICLES

Surrey Six Convicted Murderers Cody Haevischer, Matthew Johnston Appeal Verdict

Cody Haevischer and Matthew Johnston were each convicted of conspiracy and six counts of first-degree murder, for which they received mandatory life sentences with no parole for 25 years.

Surrey Six Convicted Murderers Cody Haevischer, Matthew Johnston Appeal Verdict

B.C. Man Says He Awoke To Find His Former Social Worker Shaving His Body Hair

KAMLOOPS, B.C. — A Lytton, B.C., man has tearfully testified that he awoke naked to find his former social worker shaving off most of his body hair.

B.C. Man Says He Awoke To Find His Former Social Worker Shaving His Body Hair

Blaney to represent Canada at Sunday unity rally in Paris

OTTAWA — Public Safety Minister Steven Blaney will represent Canada at a unity rally in Paris on Sunday, a show of solidarity in the wake of the terror attacks which rocked France this week.

Blaney to represent Canada at Sunday unity rally in Paris

Donate sign removed from Harper terrorism page to "avoid confusion," say Tories

OTTAWA — The Conservative Party of Canada has removed a "Donate Now" button from a web page which highlighted Stephen Harper's comments about the deadly Paris terrorist attack, after critics called it crass.

Donate sign removed from Harper terrorism page to "avoid confusion," say Tories

Uber Seeks To Have Lawsuit Filed By Vancouver Taxi Companies Thrown Out

VANCOUVER — Uber is asking a B.C. court to throw out a lawsuit filed by four Vancouver-based taxi companies that are attempting to block the ride-sharing service from launching in the city.

Uber Seeks To Have Lawsuit Filed By Vancouver Taxi Companies Thrown Out

Montreal mayor condemns terrorist attack in Paris and defends journalists

Montreal Mayor Denis Coderre quoted a famous English author during his condemnation of Wednesday's deadly assault on the Paris office of satirical magazine "Charlie Hebdo."