BlackBerry to divest majority of its Canadian real estate

[Wireless News]

http://l2.yimg.com/bt/api/res/1.2/.eC_hdO.1wnD5c5PIRwQWA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-01-21T220518Z_1_CBREA0K1PD700_RTROPTP_2_CTECH-US-BLACKBERRY-REALESTATE.JPG (http://news.yahoo.com/blackberry-divest-majority-canadian-real-estate-220518016--sector.html)By Euan Rocha TORONTO (Reuters) - BlackBerry Ltd said on Tuesday it intends to divest the majority of its real estate holdings in Canada, as it seeks to bolster its balance sheet and turn around its fortunes. In partnership with commercial real estate services company CBRE, BlackBerry said it intends to strategically divest the majority of its real estate assets via a combination of sale-leaseback and vacant asset sales. The moves to monetize the real estate assets comes following a series of major layoffs by BlackBerry, which is attempting to reinvent itself and turn around its faded fortunes. The company did not provide details on the location of the real estate assets, but much of BlackBerry's real estate asset base is centered around its headquarters in Waterloo, Ontario.



More... (http://news.yahoo.com/blackberry-divest-majority-canadian-real-estate-220518016--sector.html)