Sep
15
Madison International Realty Buys Stake in Hudson’s Bay
ByThe New York-based company has acquired 1.3 percent of the retail giant’s common stock.
Ronald Dickerman, Madison International Realty
New York—Madison International Realty and affiliates have acquired 1.3 percent of the common stock of retail giant Hudson’s Bay Co., the real estate private equity firm announced Tuesday. The acquisition follows an earlier investment in HBS Global Properties, the joint venture between HBC and Simon Property Group.
Madison did not respond to Commercial Property Executive’s request for additional information.
With the stock’s current price hovering around 17.00 CAD and outstanding shares of HBC totaling about 182.2 million, according to Bloomberg, Madison’s investment presumably cost about 40.1 million CAD, or about 30.4 million USD…
