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 European projects.
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