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TELUS Converts Old Network Sites into Housing

September 3, 2024 by Newsdesk

Telus, Canada’s third-largest telecom, is venturing into real estate by repurposing land once used for its copper-cable network. The company, which has nearly completed its transition to fibre optics, is transforming around 200 decommissioned properties into rental housing.

Under the Telus Living initiative, two residential buildings are under construction in British Columbia, expected to provide 254 units by next year. With plans to develop up to 16 more sites, Telus could add 2,500 to 2,800 units. This move might eventually lead to the formation of a real estate investment trust.

Want to know more? Check out the source code on The Logic.

Filed Under: News Tagged With: TELUS

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