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Plaza REIT Eyes Takeover Amid Retail Tightening | Toronto News
Plaza Retail REIT is in the spotlight after an unsolicited $5.28 bid from Axia Real Assets, as Canada’s retail real estate market tightens — especially in secondary markets where Plaza thrives with near 98% occupancy and record rent hikes. While Axia claims Plaza’s structure stifles value, management argues they’ve been strategically trimming non-core assets, slashing debt, and boosting earnings — all while holding strong fundamentals. With construction costs soaring and new developments scarce, Plaza’s existing portfolio — anchored by essential retailers — is becoming increasingly valuable…
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