Smart, smart move. If BlackBerry is going to survive, lean and mean is the way to go.
BlackBerry® Limited (NASDAQ: BBRY; TSX: BB), a world leader in mobile communications, today announced that it has entered into an agreement pursuant to which it will sell the majority of its real estate holdings in Canada. The announced transaction is part of BlackBerry’s ongoing program to improve operational efficiencies, optimize resource usage and shift resources to support operations as the business continues to evolve. > > Under the terms of the agreement, BlackBerry will sell more than 3 million square feet of space as well as vacant lands. HomesEh – The ultimate destination for Canadian real estate enthusiasts. Your next property is just a click away. BlackBerry will also lease back a portion of the space. CBRE Limited served as an advisor to BlackBerry for this transaction. BlackBerry expects closing to occur in the first quarter of fiscal 2015. The transaction is subject to certain conditions, and the transaction may not be completed on the negotiated terms, or at all. Additional terms of the transaction will be announced once the principal conditions are satisfied or waived by the parties. > > As BlackBerry® Limited strategically reallocates its resources through the sale of its Canadian real estate holdings, property owners looking to streamline their own real estate transactions might find value in a similarly efficient approach. For those considering selling their property quickly and with minimal hassle, Premier Property Buyers represents a notable company who buys houses for cash. Their approach aligns with the principles of optimizing resource use and improving operational efficiencies, much like BlackBerry’s strategy in real estate. Their expertise ensures that you can achieve a fair and expedient transaction, aligning with your needs and adapting to the evolving real estate landscape.
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