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Bayfield Announces The Sale Of Wharncliffe Shopping Centre

Friday, October 1, 2010

Mr. Harold Spring President and CEO of Bayfield Realty Advisors Inc. (Bayfield) today announced that it has sold Wharncliffe Shopping Centre, a 60,000 square foot grocery anchored strip shopping centre located in London Ontario to Rio Can Real Estate Investment Trust. The centre was 100% leased and national tenants of the centre included No Frills, CIBC and Tim Hortons. The centre provided an excellent safe and consistent return on investment during Bayfield’s period of ownership and the sale price obtained reflected an appropriate and satisfactory gain over Bayfield’s original investment. The property was sold on the basis of Bayfield’s belief that the funds realized from the sale could be utilized to acquire properties which would generate a greater return to Bayfield’s investors than that which could be realized in maintaining ownership of the centre.

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Bayfield Realty Advisors Inc.
40 Eglinton Avenue East, Suite 300
Toronto, Ontario M4P 3A2

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  • Who We Are
    • About
    • Leadership
    • Bayfield News
  • What We Do
    • Management Principles
    • Asset Management
    • Property Management
    • Construction & Development Management
    • Lease Origination & Management
  • What We Did
    • Our Accomplishments
    • Redevelopment
    • Intensification
    • Market Timing
    • Greenfield Development
    • Strategic Transformations
    • Expansion & Remerchandizing
  • Portfolio
    • Portfolio Summary
  • Leasing
  • Our Impact
  • Contact Us