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[citation needed] Loblaw shares increased 24% on the news. [84] On July 5, 2013, the new REIT, Choice Properties REIT, held a CA$400 million IPO. [ 85 ] Loblaw retained majority ownership in the new company.
George Weston Limited, often referred to as Weston or Weston's, is a Canadian holding company.Founded by George Weston in 1882, the company today consists of the Choice Properties real estate investment trust and Loblaw Companies Limited, Canada's largest supermarket retailer, in which it maintains a controlling interest.
The mainly retail properties represented 75% of Loblaw's real estate assets. [4] The IPO raised $400 million, and was the largest on the Toronto Stock Exchange that year. [5] Loblaw retained 83.1% ownership in the new company after the IPO, and its parent company George Weston Limited had a 5.6% interest. [6]
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Longo's (Sobeys has purchased 51% of Longo's, with an option to buy the remaining shares within the next 10 years) Loblaw Companies operates Axep; Bloor Street Market;
"Wittington Investments, Limited" was founded by W. Garfield Weston in 1952 and is based in Toronto, Ontario, Canada. [9] The company is the majority shareholder in the North American holding company George Weston Limited, [10] owner of Choice Properties real estate investment trust, controlling shareholder in Loblaw Companies Limited, [11] Canada's largest supermarket retailer and its in ...