BlackBerry

BlackBerry Announces Plans to Divest Canadian Real Estate Holdings

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BlackBerry® Limited (NASDAQ: BBRY)(TSX:BB), a world leader in mobile communications, today announced that it intends to divest the majority of its real estate holdings in Canada.

In partnership with CBRE Limited, BlackBerry intends to strategically divest the majority of its commercial real estate portfolio through a combination of sale-leaseback and vacant asset sales. The properties to be offered for sale comprise over 3 million square feet of space.

"BlackBerry remains committed to being headquartered in Waterloo and having a strong presence in Canada along with other global hubs," said BlackBerry CEO and Executive Chair, John Chen . . .

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