Business News • MarketWire • Fronsac REIT Announces A Joint Venture Development With Odacite Immobilier |
Fronsac REIT Announces A Joint Venture Development With Odacite Immobilier |
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Fronsac REIT Announces A Joint Venture Development With Odacite Immobilier
MONTREAL, QUEBEC--(Marketwired - June 1, 2017) - Fronsac Real Estate Investment Trust ("Fronsac REIT" or "Fronsac") (TSX VENTURE:GAZ.UN) is pleased to announce plans to develop a free-standing Benny & Co restaurant in partnership with the development firm Odacité Immobilier in Cap Rouge, Quebec. The land, which was acquired on May 30th 2017, is strategically located along Jules-Verne Avenue, an exit on Highway 40 and one of the principal entry points to Cap Rouge. The development will be a 50/50 joint venture between Fronsac and Odacité. Project costs are expected to total approximately $2,000,000 with plans to deliver to our tenant before year-end.
View More : http://www.marketwired.com/mw/release.do?id=2219766&sourceType=3
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