BlackBerry to sell Canadian property portfolio

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BlackBerry has announced plans to sell off most of its real estate holdings in Canada.

In partnership with CBRE , BlackBerry has said it plans to ” give strategic mostly commercial real estate portfolio ” through a combination of sale – leaseback and asset sales vacancies. Properties to be offered for sale comprises over 3 million square feet of space .

BlackBerry

” BlackBerry remains committed to its headquarters in Waterloo and having a strong presence in Canada with other global hubs ,” said CEO BlackBerry and CEO , John Chen . ” This initiative will further strengthen financial flexibility BlackBerry , and provide additional resources to support our operations as our business continues to evolve . ”

BlackBerry said it would not comment on the potential value of a sale and said he would reveal more information requested in connection with any transaction for the sale final.

Just before Christmas , the company sold five buildings and grounds at the University of Waterloo for $ 41 million . What is about 10 % of the property for sale today , although the remaining properties may be of value in these locations .

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