HBC will receive $151.5 million to amend its lease at Oakridge Centre in Vancouver.
Toronto-based HBC is amending its lease for its Hudson's Bay Co. store at Oakridge Centre in Vancouver, one of its most profitable in Canada, in exchange for $151.5 million in a move that lets it pay off debt as the mall owners consider a redevelopment with offices, residences, a park and entertainment venues.
The global retailer, with brands that include Lord...
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