Parkit to Acquire Industrial Asset in Winnipeg
Toronto, Ontario--(Newsfile Corp. - November 15, 2023) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit"), has agreed to acquire an industrial building located in Winnipeg, Manitoba (the "Property") from a vendor (the "Vendor"), for an aggregate purchase price of $6,500,000, subject to customary adjustments (the "Acquisition"). The Vendor is not a related party to Parkit and the Acquisition constitutes an Arm's Length Transaction for the purposes of the TSX Venture Exchange policies. Purchase...
2023-11-15 8:00 AM EST
Parkit Enterprise Reports Q3 Results
Toronto, Ontario--(Newsfile Corp. - November 9, 2023) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company"), today reported the Company's third quarter 2023 results. Steve Scott, Chair of Parkit, commented: "In Q3, Parkit achieved significant revenue and net rental income growth through successful negotiations with new and existing tenants by integrating the 10 industrial assets purchased this year. With 95% of our debt fixed, Parkit continues to have a strong balance sheet and...
2023-11-09 5:00 PM EST
Access Results Management Services Inc. Purchases 3,000,000 Common Shares of Parkit Enterprise Inc.
Toronto, Ontario--(Newsfile Corp. - August 16, 2023) - PARKIT ENERPRISE INC. (TSXV: PKT) ("Parkit") announced today that it understands that Access Results Management Services Inc. ("ARMS") has acquired 3,000,000 common shares in the capital of Parkit on the open market through the facilities of Omega ATS ("Common Shares") at a price of $0.68 per Common Share, representing an aggregate purchase price of $2,040,000, and representing 1.30% of the issued and outstanding Common Shares of Parkit....
2023-08-16 1:37 PM EDT
Parkit Enterprise Reports Q2 Results
Toronto, Ontario--(Newsfile Corp. - August 3, 2023) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company"), today reported the Company's second quarter 2023 results. Steve Scott, Chair of Parkit, commented: "In Q2, Parkit continued to streamline operations for its properties, signed a new lease and completed the acquisition of the remaining 50% interest in one of its parking assets providing full control over the future opportunities of the asset." 2023 Q2 Results and Recent...
2023-08-03 5:00 PM EDT
Parkit Enterprise Reports Q1 Results
Toronto, Ontario--(Newsfile Corp. - May 11, 2023) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company"), today reported the Company's first quarter 2023 results. Steve Scott, Chair of Parkit, commented: "In Q1 Parkit closed on a $90.3 million portfolio in Winnipeg and Saskatchewan, continued to streamline operations on its properties and advance its leasing activities. The new portfolio adds significant scale by adding 800,000 sf of Gross Leasable Area and in-place cash flows."...
2023-05-11 5:00 PM EDT
Parkit Acquires the Remaining 50% Interest in its Nashville, TN, Parking Asset
Toronto, Ontario--(Newsfile Corp. - May 2, 2023) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit"), is pleased to announce that it has completed the acquisition of the remaining 50% interest in Fly Away Airport Parking in Nashville Tennessee from an arm's length vendor (the "Vendor") for an aggregate purchase price of $3,550,000 USD, subject to customary adjustments (the "Acquisition"). With this Acquisition, Parkit now owns 100% of Fly Away Airport Parking. Fly Away Airport Parking Fly Away...
2023-05-02 8:00 AM EDT
Parkit Enterprise Reports Fiscal 2022 Annual Results; Highlighting Acquisitions; Provides 2023 Outlook
Toronto, Ontario--(Newsfile Corp. - March 28, 2023) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company"), today reported the Company's full year 2022 audited results. Steve Scott, Chair of Parkit, commented: "In fiscal 2022, Parkit continued to build the foundation for growth by executing on operations and by closing on $57.9 million in disciplined accretive acquisitions. Looking ahead, we started fiscal 2023 by closing on a portfolio of 10 industrial properties in Winnipeg and...
2023-03-28 5:57 PM EDT
Parkit Announces Normal Course Issuer Bid
Toronto, Ontario--(Newsfile Corp. - March 21, 2023) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Corporation") is pleased to announce that it has received conditional acceptance from the TSX Venture Exchange to renew its Normal Course Issuer Bid ("NCIB") to purchase for cancellation, during the 12-month period starting March 24, 2023, up to 11,692,258 of the outstanding common shares of the Corporation (the "Common Shares"), representing 5% of the Common Shares outstanding. The...
2023-03-21 7:46 AM EDT
Parkit Completes Acquisition of $90.3 Million Portfolio of 10 Industrial Assets in Winnipeg and Saskatchewan
Toronto, Ontario--(Newsfile Corp. - March 20, 2023) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit") is pleased to announce that, further to its January 16th, 2023 news release, it has completed the acquisition of a portfolio of 10 industrial properties located in Winnipeg and Saskatchewan (the "Portfolio"), from an arm's length vendor (the "Vendor") for an aggregate purchase price of $90,250,000, subject to customary adjustments (the "Acquisition"). Portfolio The Portfolio includes 6...
2023-03-20 8:00 AM EDT
Parkit Announces Grant of Options
Toronto, Ontario--(Newsfile Corp. - January 19, 2023) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit"), announced today certain directors, officers, employees and consultants have been issued an aggregate of 3,525,000 options pursuant to Parkit's option plan with an effective date of January 19, 2023, with each such option being exercisable into one common share at an exercise price of $1.05 at any time on or before the tenth anniversary of its issuance. Each of the options vested on grant. Of...
2023-01-19 5:02 PM EST
Parkit to Acquire $90.3MM Portfolio of 10 Industrial Assets in Winnipeg and Saskatchewan
Toronto, Ontario--(Newsfile Corp. - January 16, 2023) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit"), has entered into an asset purchase agreement (the "Purchase Agreement"), with two private entities (collectively, the "Vendor"), pursuant to which Parkit has agreed to purchase a portfolio of 10 industrial properties located in Winnipeg and Saskatchewan (the "Portfolio"), for an aggregate purchase price of $90,250,000, subject to customary adjustments (the "Acquisition"). The Vendor is not a...
2023-01-16 5:46 PM EST
Parkit Enterprise Reports 2022 Q2 Results
Toronto, Ontario--(Newsfile Corp. - August 8, 2022) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Corporation"), today reported the Corporation's second quarter 2022 results. Steve Scott, Chair of Parkit, commented: "To date, Parkit has completed $57.3 million in accretive acquisitions and continues to advance its leasing activity by completing another renewal with significant rental growth. The company continues to build the foundation for growth by executing on operations and...
2022-08-08 4:30 PM EDT
Parkit Enterprise Reports 2022 Q1 Results; and Completes Acquisition of Ottawa Property
Toronto, Ontario--(Newsfile Corp. - May 25, 2022) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Corporation"), today reported the Corporation's first quarter 2022 results. Steve Scott, Chair of Parkit, commented: "Year to date, Parkit firmed up its capital position with the addition of $55 million in financing, advanced its leasing activity by signing two new leases, and by completing $57.3 million in accretive acquisitions. Parkit continues to build the foundation for growth by...
2022-05-25 6:40 PM EDT
Parkit Completes Acquisition of Two Industrial Assets for $22,680,000
Toronto, Ontario--(Newsfile Corp. - May 12, 2022) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company"), is pleased to announce that, further to its April 25th, 2022 news release, it has completed the acquisition of two industrial assets from two vendor groups (collectively, the "Vendors") for an aggregate purchase price of $22,680,000, subject to customary adjustments (the "Acquisitions"). One of the Acquisitions is arm's length and one is non-arm's length with SRS Realty Group...
2022-05-12 10:39 AM EDT
Parkit Enterprise Reports Fiscal 2021 Annual Results; Highlighting Transition to Industrial, $105.9 Million in Acquisitions; Provides 2022 Outlook
Toronto, Ontario--(Newsfile Corp. - April 29, 2022) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Corporation"), today reported the Corporation's full year 2021 audited results. Steve Scott, Chair of Parkit, commented: "In 2021, Parkit continues to build the foundation for growth by executing on operations and by closing on $105.9 million in disciplined accretive acquisitions. Looking ahead, we expect to continue to add to our industrial portfolio by targeting $100 million of...
2022-04-29 6:29 PM EDT
Parkit to Acquire Three Industrial Assets for $40.3 Million
Toronto, Ontario--(Newsfile Corp. - April 25, 2022) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit"), has agreed to acquire three industrial assets from three vendor groups (collectively, the "Vendors") for an aggregate purchase price of $40,280,000, subject to customary adjustments (the "Acquisitions"). Two of the Acquisitions are arm's length and one is non-arm's length with SRS Realty Group Inc. ("SRS"), a company wholly owned by Steven Scott, a director and chair of Parkit, as the Vendor...
2022-04-25 5:00 PM EDT
Parkit Clarifies Normal Course Issuer Bid
Toronto, Ontario--(Newsfile Corp. - March 14, 2022) - PARKIT ENTERPRISE INC. (TSXV: PKT) ("Parkit" or the "Corporation") further to its news release of March 14, 2022, Parkit wishes to clarify that the number of shares to be purchased under the Normal Course Issuer Bid is up to 11,823,221 of the outstanding common shares of the Corporation. About Parkit Enterprise Inc. Parkit is an industrial real estate platform focused on the acquisition, growth and management of strategically located...
2022-03-14 12:00 PM EDT
Parkit Announces Normal Course Issuer Bid
Toronto, Ontario--(Newsfile Corp. - March 14, 2022) - PARKIT ENTERPRISE INC. (TSXV: PKT) ("Parkit" or the "Corporation") is pleased to announce that it has received conditional acceptance from the TSX Venture Exchange to conduct a Normal Course Issuer Bid ("NCIB") to purchase for cancellation, during the 12-month period starting March 18, 2022, up to 11,723,184 of the outstanding common shares of the Corporation (the "Common Shares"), representing 5% of the Common Shares outstanding. The...
2022-03-14 7:00 AM EDT
Parkit to Acquire Two Industrial Assets for $17,000,000; Issues Options
Toronto, Ontario--(Newsfile Corp. - January 4, 2022) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company"), has agreed to acquire two Class A located industrial assets from two vendor groups (collectively, the "Vendors") for an aggregate purchase price of $17,000,000, subject to customary adjustments (the "Acquisitions"). Both Acquisitions are arm's length. It is anticipated that the Acquisitions will close in Q1 2022. The Acquisitions total 141,031 square feet, are located in...
2022-01-04 5:41 PM EST
Parkit Completes $18,000,000 Acquisition of 1485 Speers Rd, Oakville, ON
Toronto, Ontario--(Newsfile Corp. - December 16, 2021) - PARKIT ENTERPRISE INC. (TSXV: PKT) ("Parkit") is pleased to announce that, further to its November 22, 2021 news release, it has completed the acquisition of 1485 Speers Rd, Oakville, Ontario. Acquisition of 1485 Speers Rd, Oakville, Ontario Parkit acquired 1485 Speers Rd, Oakville, Ontario (the "Property") for an aggregate purchase price of $18,000,000 (the "Acquisition"). The Property is approximately 101,500 square feet on...
2021-12-16 12:04 PM EST