Trizec Corp.

A detailed Summary of Trizec Corp.

The real estate industry has been hit hard in the 1990's. Many companies have

been struggling to maintain their position in a rapidly decreasing real estate market. The

largest Canadian based real estate company to experience an accumulation of debts is, the

once Calgary based, Trizec Corporations.1 Trizec Corporations is experiencing over 600

million dollars worth of outstanding debts and was near bankruptcy until the Toronto

based investment group, Horsham Incorporated, invested 600 million dollars in return for

43% of the company in 1994.2 The merge between Trizec Corporations and Horsham

Incorporated would benefit both companies and propel these two companies into future

Trizec Corporations was established in 1960 in Calgary, Alberta. Now, under the

control of Gregory Wilkins, Trizec is the countries largest publicly traded real estate

group.3 Their assets consist of 85 properties world wide, including Place Ville Marie in

Montreal and the U.S. based Hahn Company.4

Horsham Incorporated is led by Peter Munk who owns 10% of the equity and 80%

of votes through ownership of multiple voting shares. Horsham Incorporated has assets

outstanding equity in Trizec.6 Horsham now owns 48% of Trizec and is trying to acquire

Robertson, Hugh. (1995). The Research Essay. Toronto: McGraw-Hill Ryerson

and is ready to re-establish themselves in the Canadian real estate market. Trizec Hahn

Approximate Word count = 811
Approximate Pages = 3 (250 words per page double spaced)

Category: Miscellaneous

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