Loblaw is to form a Real Estate Investment Trust (REIT) to acquire a significant portion of its real estate assets. The grocer plans to sell units of the REIT through an initial public offering and will retain a significant majority interest. The expected completion date is mid-2013, subject to approval.

The REIT is to have a dedicated management team focused on supervising the properties and growing the portfolio, while Loblaw will provide support and services.

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