RioCan, Allied and Diamond Complete Second Acquisition in Toronto's Downtown West

RioCan Real Estate Investment Trust (RioCan), Allied Properties Real Estate Investment Trust (Allied) and Diamond Corp. (Diamond) have completed the acquisition of 410 Front Street West in Toronto, with each of RioCan and Allied having an undivided 40% interest and Diamond having an undivided 20% interest.
 
The Property is comprised of approximately 1.2 acres of land on the northwest corner of Front and Spadina. It is adjacent to the 6.47 acres of land acquired late last year by RioCan, Allied and Diamond on the same proportionate basis. Together these two parcels, which comprise approximately 7.7 acres, represent one of the largest underdeveloped pieces of land in Toronto's downtown core.

on April 30, 2013