Saturday, May 20, 2006

MTS Allstream Seeking Sale Leaseback of Winnipeg HQ

Globe and Mail - May 16, 2006

In the midst of its latest restructuring program, Manitoba Telecom Services Inc. is putting two buildings in its home town up for sale.

MTS purchased its 24 story Winnipeg headquarters at 333 Main Street in 2002, and the 13 story building behind it at 191 Pioneer Avenue in 1982. MTS will list the downtown properties with Cushman & Wakefield LePage, MTS spokeswoman Michelle Bailey said yesterday.

Despite the "For sale" sign on those buildings, MTS has no plans to move. The 1,225 employees who work in those sites will stay put because the company plans to lease the office space, Ms. Bailey said.

"This is an opportunity for us to take advantage of the property values having gone up in this particular area," Ms. Bailey said. Sphere: Related Content

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