Bombardier completes sale of Downsview Property

Eleanor Steed
By Eleanor Steed June 8, 2018 16:48

Bombardier completes sale of Downsview Property

Bombardier has completed the previously announced sale of its Downsview property to the Public Sector Pension Investment Board for approximately US$635 million. This sale increases Bombardier’s cash position by more than $550 million net of transaction and other associated costs.

Pursuant to a lease agreement with the purchaser, Bombardier will continue to operate from Downsview for a period of up to three years, with two optional one-year extension periods.

Eleanor Steed
By Eleanor Steed June 8, 2018 16:48