Tag Archives: real estate

Nortel Sells Real Estate in Ottawa

By Mark Evans | Published: November 24, 2009
Nortel has sold 173 acres of real estate in suburban Ottawa for $8.85-million to an undisclosed purchase (aka 561121 ONTARO INC.) – land purchased during the telecom boom but never developed. In the most recent Monitor’s Report, Nortel and its real estate adviser, DTZ, said the purchase price is “reasonable given current market conditions and [...]
Posted in Financials | Also tagged , , | 20 Comments

Nortel HQ Moving Again

By Mark Evans | Published: September 29, 2009
Some interesting tidbits within Ernst & Young’s latest Monitor’s Report, including the fact Nortel is moving its head office from Mississauga, Ont. to a building near the airport. According to the report, Nortel currently pays $6-million a year to lease office space within an 11-story building. The lease will be terminated, and Nortel will sell [...]
Posted in Financials, General | Also tagged , | 55 Comments
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