The two organizations plan to conduct due diligence and finalize definitive agreements by the end of 2025, followed by the pursuit of required regulatory approvals.
Come March 2026, the federal government will expect nothing less than full compliance, and the penalties for non-reporting could be severe.
The competitive and economic assumptions underpinning our application have shifted, altering our return expectations on the proposed $2.3-billion investment.
The year 2019 was a tough year for the real estate industry. Legislation was proposed to limit the fee earned
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