Wednesday, August 26, 2009

Record retail space added to Canada in 2009 -

- Canadian developers added retail space at a record pace while the country’s economy went through a recession, spurred on by shoppers and investors such as the Ontario Teachers’ Pension Plan.

Builders added about 6.8 million square feet of retail space in the first half, more than in all of 2008, according to the Canadian unit of CB Richard Ellis Group, the largest publicly traded commercial-property broker.

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