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.
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