Business Watch
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$0 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*No charge for 4 weeks then price increases to the regular rate of $19.95 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.99/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19.95 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 20/09/2011 (5225 days ago), so information in it may no longer be current.
Old building reprieved
A long-vacant, century-old building on Portage Avenue has received a reprieve from the wrecker’s ball.
A local developer has withdrawn its offer to purchase the 104-year-old, three-storey National Typewriter/Monte Cassino Court Building and an adjoining one-storey structure just off the northeast corner of Portage and Sherbrook Street.
The developer had planned to demolish the two buildings and build a nine-storey, mixed-use complex featuring commercial space on the main floor and 32 affordable housing units above.
One of the properties’ listing agents, John Pearson of Shindico Realty Inc., said Monday the developer didn’t say why it was withdrawing its offer. The buildings are back on the market, and “we’re talking to a variety of people.”
Canola plant to expand
FORT SASKATCHEWAN, Alta. — The North American operating arm of U.S. agribusiness Bunge Limited (NYSE:BG) says it plans to increase the capacity of its canola processing plant in Fort Saskatchewan, Alta.
The proposed project, announced Monday, would more than double the plant’s current capacity of 850 tonnes a day.
The move comes nearly a year after Bunge North America announced it would more than double crushing capacity at its plant in Altona, Man., as part of a multi-year expansion program in Canada.
Financial terms of the latest expansion were not revealed.
Netflix splits operations
NEW YORK — Netflix Inc. is moving to separate the DVD-by-mail plan it built its business on from the online streaming service it’s betting will be future of entertainment consumption.
The mail-order plan, which the company only operates in the United States, will be renamed “Qwikster.”
In a few weeks, Netflix subscribers who want to get DVDs by mail will go to a separate website to access Qwikster. The streaming business will continue to be called Netflix.
The move appears to have no impact on Canadian Netflix subscribers, who are estimated to number at about one million. In Canada, the company only offers online streaming services and chose to skip the mail-order option entirely when it launched about a year ago.
Kenora retail centre sold
VANCOUVER — Huntingdon Real Estate Investment Trust (TSX:HNT.UN) has sold the Harbourview Village retail centre in Kenora, Ont., for $1.2 million.
The sale price includes a vendor take-back mortgage of $850,000, which will charge interest at a rate of prime plus three percentage points — five per cent at current rates, Huntingdon announced Monday. HREIT has 76 income-producing office, industrial, retail and parking lot properties.
— from the news services