www.reit.com Loblaw Companies, the country’s largest grocery chain, announced plans to create a publicly traded REIT. The planned company will own 35 million square feet of real estate with a current value of more than billion Canadian. Loblaw will retain a majority interest in the company. The IPO is expected to be completed next year. Singapore-based Global Logistic Properties revealed that its arm in Japan, GLP J-REIT, plans to raise up to .4 billion through its IPO. GLP J-REIT is set to begin trading on Dec. 21. US retail REITs have a stable credit outlook, according to ratings agency Moody’s Investors Service. In a column posted last week on cpexecutive.com, Moody’s Vice President and Senior Credit Analyst Merrie Frankel said retail sector fundamentals have stabilized to the point that investors shouldn’t expect any material changes to their ratings in 2013. Currently, Moody’s is maintaining a stable outlook on nine of the 17 REITs that it rates and a positive outlook on six others. Black Friday has come and gone, but holiday shopping is still going strong in the United States. And with the new year quickly approaching, REIT.com spoke to a number of retail REIT CEOs about the dominant trends they see coming in the next year.

Filed under: Real Estate

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