Canadian Magazine Industry News
10 March 2016,     TORONTO
ZoomerMedia to sell-leaseback properties
 
ZoomerMedia Limited, publisher of Zoomer magazine, has entered into an agreement to sell its 2.6-acre property and buildings (located at 30, 64 and 70 Jefferson Avenue in Toronto) to Allied Properties REIT for $31 million. ZoomerMedia will lease the property from Allied in a deal set to close on March 29, 2016. The proceeds of the sale will be put towards debts and working capital purposes.

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