BlackBerry Also Want to Sell House

BlackBerry plans to sell the land and building assets in her hometown of Waterloo , Ontario , Canada , to raise money for the company

The Globe and Mail reported , the BlackBerry has more than 20 buildings around Waterloo . Asset investment is the result of a BlackBerry over the last 10 years , when the company was still victorious .

But now , in the midst of adversity, BlackBerry considering selling the land and building assets .

Sources told The Globe and Mail last week, BlackBerry had a meeting with a real -estate consultant , to ask for suggestions and ideas related to asset sales plan buildings that BlackBerry huge benefit in the shortest time possible .

There are several options that can be taken , including selling some asset building , or rent it . However , BlackBerry wanted to retain some of the main building .

Last September , BlackBerry announced plans to fire 4,500 employees in Canada , or 40 percent of the total employees , in order to save operating costs . The layoffs would create some empty office space .

" Currently we are working to achieve the target , reducing spending by about 50 percent over the next three quarters , which also must optimize our workspace . We will work with partners or people who may need some of our excess space , " the spokesman said in an email BlacBerry told The Globe and Mail .

Since inception in 1984 , the BlackBerry became the biggest occupant in the Waterloo area . The company owns the land and building assets in strategic areas Waterloo , which is often dubbed the " Technology Triangle . "

" They ( BlackBerry - red) is the largest real - estate users around Waterloo , " said analyst Neeraj Monga of Veritas Investment Research . " They have to fill all the buildings with new tenants . "

In its annual report , the company founded by Mike Lazaridis has assets of 27 buildings , a total of 6 buildings of which has been rented , and the two of them campus-style technology companies .

Central campus to accommodate the division of engineering, manufacturing , and research and development . Whereas in the north campus has four buildings , including administration and finance division .

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