Morguard REIT is redeveloping former Sears and Hudson's Bay spaces with retailers including Uniqlo, Sport Chek, No Frills and Splitsville as retail occupancy and leasing momentum improve across its Canadian shopping centre portfolio.
Morguard REIT is a closed-end real estate investment trust, which owns a diversified portfolio of 45 retail, office and industrial income producing properties in Canada with a book value of $2.2 billion and approximately 8.1 million square feet of leasable space.