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 . ”
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 .