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Wednesday, January 22, 2014

BlackBerry to sell most of its buildings in Canada

BlackBerry Limited says it plans to sell most of its property in its home country of Canada. It’s working with real-estate specialist CBRE Limited to get rid of the majority of its commercial buildings through what’s described as “a combination of sale-leaseback and vacant asset sales”. Over 3 million square feet of space is due to be sold.

However, the company insists it’ll remain in the city of Waterloo in Ontario, where the business was founded.

John Chen, BlackBerry’s CEO and Executive Chair, said “BlackBerry remains committed to being headquartered in Waterloo and having a strong presence in Canada along with other global hubs. This initiative will further enhance BlackBerry’s financial flexibility, and will provide additional resources to support our operations as our business continues to evolve.”

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Author: The Fonecast
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Categories: Handsets and manufacturers, NewsNumber of views: 7800

Tags: canada blackberry

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