First Capital REIT has secured overwhelming unitholder approval for its internal reorganisation plan, with more than 99% support at a special meeting in Toronto. The proposal now moves to a court hearing scheduled for 27 November, with the REIT expecting the arrangement to take effect by the end of the month, subject to final approval.
JLL’s Hotels & Hospitality Group has hired Louis Barruel as Senior Vice President in its Hotels’ Asset Management division. Mr. Barruel will work from the Montreal office, focusing on client service delivery and growing the firm's portfolio throughout Canada. Mr. Barruel reports to Executive Vice President Katie Krieger, who noted his comprehensive Canadian market knowledge and deep sector understanding make him an invaluable addition.
Northwest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) has announced a deal to internalise the management rights of Vital Healthcare Property Trust (‘Vital’). The conditional agreement is valued at NZ$214 million (approximately $170 million), which Northwest will receive in cash. The transaction aligns with Northwest's strategy to simplify its business and reallocate capital back to North America. Vital will fund the purchase through a capital raise launched concurrently with the announcement.
Dubai Electricity and Water Authority (DEWA) and the Consulate General of Canada in Dubai have discussed strengthening collaboration in clean energy and digital transformation. The meeting highlighted mutual opportunities in renewable energy, sustainability, and advanced technology, reinforcing the deepening UAE–Canada partnership in innovation and climate action.
Hilton has unveiled Outset Collection, its 25th brand and the eighth in its Lifestyle portfolio. The new upscale conversion brand will launch with more than 60 hotels in development and bookings available in November.
Prime Minister Mark Carney has launched Build Canada Homes, a new federal agency tasked with rapidly increasing affordable housing across the country. Backed by a $13 billion investment, the initiative will deploy public lands, modern construction technologies, and private-sector partnerships to double housing output, reduce homelessness, and restore affordability.
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