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Parkit Enterprise ( (TSE:PKT) ) just unveiled an announcement.
Parkit Enterprise Inc. has announced a joint venture with Decade Capital and Southside Group to redevelop a 3.55-acre industrial property in London, Ontario, into a residential community. The project, valued at $12.9 million, involves constructing two 15-story rental buildings, with the first phase beginning in Q4 2025. This redevelopment aligns with Parkit’s strategy of transforming underutilized assets in urban markets, enhancing its market positioning and offering much-needed rental housing near Fanshawe College and London’s rapid-transit corridor.
The most recent analyst rating on (TSE:PKT) stock is a Buy with a C$0.70 price target. To see the full list of analyst forecasts on Parkit Enterprise stock, see the TSE:PKT Stock Forecast page.
More about Parkit Enterprise
Parkit Enterprise Inc. is an industrial real estate platform focused on acquiring, growing, and managing strategically located industrial properties across key urban markets in Canada. Additionally, Parkit owns parking assets in various markets in the United States. The company’s common shares are listed on the TSX Venture Exchange under the symbol PKT.
YTD Price Performance: -3.64%
Average Trading Volume: 249,640
Technical Sentiment Signal: Sell
Current Market Cap: C$114.4M
Learn more about PKT stock on TipRanks’ Stock Analysis page.