Morguard completes sale of Ottawa’s 131 Queen Street leasehold interest for $148.2 million

• Morguard completed the sale of its leasehold interest in 131 Queen Street in Ottawa to Public Services and Procurement Canada.
• Gross proceeds totaled $148.2 million, a 34% premium to the previously reported IFRS fair value before adjustment under the lease valuation provisions.
• Net cash proceeds were approximately $118.2 million following repayment of $29.6 million in property-related debt and closing costs.
• The proceeds will partially fund the multi-suite residential portfolio acquisition announced earlier this year.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Morguard Corporation published the original content used to generate this news brief via CNW (Ref. ID: 202610281215CANADANWCANADAPR_C6161) on October 28, 2026, and is solely responsible for the information contained therein.