Algoma Central said it sold a shopping mall as part of a divestment strategy aimed at financing its newbuilding programme.
Algoma said it netted CAD 14.1m ($10.6m) for Ridley Square in St. Catharines, Ontario.
“We are pleased to have accomplished another sale,” said Ken Bloch Soerensen, chief executive of Algoma. “Ridley Square is the third property we have sold from our real estate portfolio.
