Wednesday, 16 December 2015

LCBO Land Sale

By the end of 2016, will the downtown Toronto land currently owned by the LCBO be purchased?
Yes, by Wittington Properties: 35%
Yes, by Someone Else: 50%
No: 15%
(The transaction must close for a yes answer.  In the case of multiple purchasers, "Yes, by Wittington Properties" requires only that Wittington Properties is one of the purchasers.)

Wittington Properties is one of the bidders for the LCBO lands in downtown Toronto (see article here).  There are apparently several other bidders as well.  The transaction is expected to close by March 2016.  Given the other bidders, I think that Wittington Properties will not succeed in buying the LCBO lands, although some other company probably will succeed.

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