Nortel Sells Real Estate in Ottawa

Posted 3345 days ago by OttWatch in category Company News with 0 Comments 

Nortel has sold 173 acres of real estate in suburban Ottawa for $8.85-million to an undisclosed purchase (aka 561121 ONTARO INC.) – land purchased during the telecom boom but never developed.
In the most recent Monitor’s Report, Nortel and its real estate advisor, DTZ, said the purchase price is “reasonable given current market conditions and the [...]