The Canadian Press | April 1, 2016 11:17 AM ET

TORONTO — Sears Canada has agreed to sell and lease back a distribution centre in Calgary to Canadian Tire’s real estate trust. CT Real Estate Investment Trust says it will spend about $84 million including transaction costs for the location.

http://business.financialpost.com/news/property-post/canadian-tires-real-estate-trust-buying-sears-canada-distribution-centre-in-calgary?__lsa=0d1d-a7de

It’s interesting to see Canadian Tire’s real estate trust expanding its portfolio by purchasing the Sears Canada distribution centre in Calgary for $84 million. This strategic move aligns with CT REIT's efforts to secure key properties and could benefit Canadian Tire’s long-term growth in the area.

Interesting move by Canadian Tire’s REIT! Buying and leasing back that Sears distribution centre seems like a smart strategy, especially with Calgary’s competitive market. It’s a bit like staging a property before sale – getting the right look boosts appeal. Speaking of staging, I found these virtual staging services helpful for creating that “wow” factor in properties. Their team really knows how to make spaces inviting, which could be key for projects like this. It’s all about maximizing value, just like CT is doing here.