BlackBerry to sell Canadian property portfolio

BlackBerry to sell Canadian property portfolio, Blackberry update news for canada, Blackberry updates, Blackberry selling canadian.

BlackBerry has announced plans to sell off most of its real estate holdings in Canada.

In partnership with CBRE , BlackBerry has said it plans to ” give strategic mostly commercial real estate portfolio ” through a combination of sale – leaseback and asset sales vacancies. Properties to be offered for sale comprises over 3 million square feet of space .


” BlackBerry remains committed to its headquarters in Waterloo and having a strong presence in Canada with other global hubs ,” said CEO BlackBerry and CEO , John Chen . ” This initiative will further strengthen financial flexibility BlackBerry , and provide additional resources to support our operations as our business continues to evolve . ”

BlackBerry said it would not comment on the potential value of a sale and said he would reveal more information requested in connection with any transaction for the sale final.

Just before Christmas , the company sold five buildings and grounds at the University of Waterloo for $ 41 million . What is about 10 % of the property for sale today , although the remaining properties may be of value in these locations .

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BlackBerry to sell Canadian property portfolio, blackberry news, blackberry updates, blackberry selling telecom