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Crombie Nears Completion of $112 Million Mall Expansion

Nova Scotia-Based REIT Produces Return of 35% for Investors; Development Pipeline Includes 33 Properties

Avalon Mall is undergoing a $112 million redevelopment by owner Crombie Real Estate Investment Trust. (Crombie REIT)
Avalon Mall is undergoing a $112 million redevelopment by owner Crombie Real Estate Investment Trust. (Crombie REIT)

Crombie Real Estate Investment Trust, the main landlord of the Sobeys grocery chain, is spending $112 million to redevelop a regional shopping mall in St. John's, the capital of Newfoundland and Labrador.

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