Wednesday, Public Storage Canadian Properties (PUB.TO) said it acquired a property in LaSalle, Quebec encompassing 2.56 acres of vacant land for a purchase price of approximately C$1.23 million. The total cost to develop this property into a self-storage facility is expected to be approximately C$9.5 million.
The company said the facility will be managed by Canadian Mini-Warehouse Properties Co., the manager of its other properties, pursuant to a management agreement for a management fee equal to 6% of gross operating revenue of the property.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.