News Releases
The Co-operators to sell its office building portfolio
Jan 28, 2008
4:20pm
GUELPH, ON, Jan. 28 /CNW/ - The Co-operators announced today that BMO Capital Markets Real Estate Group will begin marketing its office building portfolio. A strategic review of The Co-operators investment strategy determined that real estate assets are not a core element. The Co-operators group of companies owns office buildings, commercial and retail properties across Canada. "The organization will benefit from a sharper, more strategic focus on our core businesses of providing insurance and financial services to Canadians," said Kathy Bardswick, president and CEO of The Co-operators. About The Co-operators: Based in Guelph, Ontario, The Co-operators is a group of Canadian companies offering home, auto, life, group, travel, commercial and farm insurance, as well as investment products and property development. With assets of more than $7 billion, The Co-operators is owned by a group of Canadian co-operatives, credit unions and like-minded organizations. It is well known for its community involvement, and is listed among the 50 Best Employers in Canada. %SEDAR: 00008192EF
For further information: Leonard Sharman, The Co-operators, 1-877-795-7272, ext. 2707