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

'I'm as lucky as I can get for being unlucky:' Calgary man grazed in shooting

CALGARY — Ryan Korderas thinks he's the luckiest unlucky man alive.

'I'm as lucky as I can get for being unlucky:' Calgary man grazed in shooting

NDP criticizes government for document listing eight steps on how to brew coffee

REGINA — Saskatchewan's Opposition says a document that gives health workers step-by-step instructions on how to brew a pot of coffee is disrespectful and silly.

NDP criticizes government for document listing eight steps on how to brew coffee

123-vehicle pileup on snowy interstate kills Cdn trucker in southwest Michigan

GALESBURG, Mich. — Police say a Canadian trucker has died in a 123-vehicle pileup along a snowy Michigan interstate that caused fires on trucks carrying fireworks and acid.

123-vehicle pileup on snowy interstate kills Cdn trucker in southwest Michigan

Travellers Can Pack Smart Phones But Shouldn't Count On Them For Directions

When the Toronto-area resident feels like setting out on a hiking excursion, mapping applications on his mobile device can direct him toward beautiful trails he never knew existed.

Travellers Can Pack Smart Phones But Shouldn't Count On Them For Directions

B.C. Astronomer Gets Rare Look At Binary Pulsar Before It Vanishes For 160 Years

A B.C. astronomer helped uncover some of the secrets of a rare and mysterious occupant of our universe — a binary pulsar system — before it disappeared from view for the next 160 years.

B.C. Astronomer Gets Rare Look At Binary Pulsar Before It Vanishes For 160 Years

Six granted reprieve from Ebola-related visa ban, allowed into Canada

OTTAWA — Six people from Ebola-affected countries have been granted visas to come to Canada despite a federal government ban imposed last year on such travel.