CPP Investments and Lendlease selling Elephant Park rental portfolio to Greystar
TORONTO — The Canada Pension Plan Investment Board and real estate group Lendlease have signed a deal to sell their Elephant Park residential portfolio in London to Greystar.
CPP Investments is expected to receive C$670 million in net proceeds under the deal for the 904-home portfolio.
Lendlease, an Australian firm, is expect to receive A$260 million.
Since CPP Investments’ and Lendlease’s initial investment in 2015 through their build-to-rent partnership, they have built
Danish home goods store Flying Tiger swooping into Canada, where competition awaits
TORONTO — A Scandinavian home goods brand is gliding into Canada and if it picks up enough momentum, retail experts say competitors will have reason to worry.
Flying Tiger Copenhagen is a Danish retailer that has edged into 44 global markets over the last 31 years by selling dish towels in fruit motifs, animal-shaped erasers and jewelry boxes resembling fancy sofas for low prices.
Canada will become the 45th market, when the brand opens its first store here on Friday at the Eaton Centre in Toronto. At least
PM Carney to share plans to ‘restore’ 24 Sussex today
Prime Minister Mark Carney is set to announce the government’s plan to “restore” 24 Sussex today.
The 35-room mansion, built in 1896, was abandoned as the official Ottawa residence of the prime minister in 2015.
Taxpayers have since been shelling out tens of thousands of dollars per year to maintain the vacant property.
Heritage Ottawa has said that the building should be maintained, renewed and kept in public hands, even if it’s no longer the official residence
Canada signs deal with Qatar to strengthen public safety, address transnational crime
Canada has signed an agreement with Qatar that Ottawa says looks to address evolving security threats and strengthen public safety.
Public Safety Minister Gary Anandasangaree says strong international partnerships are essential to keeping Canadians safe.
He says the memorandum of understanding will see both countries work together on addressing transnational crime and evolving security threats.
Ottawa says the deal went into effect upon signing and can be renewed after five years.
It comes after Prime Minister Mark Carney travelled to Qatar in January, calling the trip a “new chapter” in bilateral relations.
A maple leaf-shaped ‘Canadian clapper’ sparks a World Cup buzz across Toronto
TORONTO (AP) — A red noisemaker shaped like a maple leaf has become all the rage in Toronto during the World Cup.
The “Canadian clapper” has been handed for free out at BMO Field and the city’s fan festival ahead of Canada’s group-stage matches. The handheld items, measuring 4 by 7 inches (10 by 18 centimeters), can’t be bought in stores, making them a must-have for fans of Les Rouges.
“These are amazing. So
Neighbors dig through Venezuela rubble to search for loved ones as death toll climbs
LA GUAIRA, Venezuela (AP) — In cities across northern Venezuela , neighbours helped each other dig through rubble to search for loved ones, after back-to-back earthquakes killed at least 589 people and left thousands injured.
Acting President Delcy Rodríguez announced the new toll early Friday, surrounded by government and military officials as she welcomed the arrival of rescue crews from all over the world.
“We are going to rescue the people who are trapped,” she said. “We are working tirelessly
Man seriously injured in west-end stabbing
A man was taken to hospital with serious injuries after a stabbing in the city’s west end on Thursday night.
Toronto Police say it happened at Dundas Street West and Runnymede Road in The Junction area at around 8:47 p.m.
Officers located the injured man at the scene. His exact age was not provided.
No arrests have been made and no suspect description is currently available.
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Man dies in North York industrial accident: Toronto Police
Toronto Police say a man has died in an industrial accident in North York on Thursday.
Emergency crews were called to the RioCan Empress Walk Plaza near Yonge Street and Empress Avenue just after 5:00 p.m.
Police tell CityNews the man fell from an escalator and was pronounced dead at the scene.
The plaza has been evacuated and shut down and the Ministry of Labour has been notified.
No further details were immediately available.
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2 Ajax trading card game shops latest in GTA to suffer major losses after brazen break-ins
North Korea’s Kim watches weapons tests and calls for ‘deadly and destructive’ military posture
SEOUL, South Korea (AP) — North Korean leader Kim Jong Un observed major weapons tests and called for the military’s “deadly and destructive offensive posture” to be bolstered, state media reported Friday, as South Korea announced it would drastically boost its drone warfare capabilities.
The development comes as tensions remain high on the Korean Peninsula, with Kim pushing to strengthen both nuclear and conventional military capabilities while refusing to return to talks with South Korea and the United States.
The tests watched by Kim on Thursday were meant