Wednesday, August 5, 2009

Canadian Pacific Announces Sale of Windsor Station to Cadillac Fairview

CALGARY, Aug. 4 /CNW/ - Canadian Pacific Railway Limited (TSX/NYSE: CP) is pleased to announce the sale of Windsor Station and significant other related real estate assets to The Cadillac Fairview Corporation Limited for $86 million. As part of the transaction, Canadian Pacific has entered into a long term lease with Cadillac Fairview, and will remain the principal tenant of Windsor Station, reflecting its close connection to the building and its long-term presence in Montreal.

The transaction has received the necessary regulatory approvals, including federal government approval.

About Canadian Pacific
Canadian Pacific, through the ingenuity of its employees located across Canada and in the United States, remains committed to being the safest, most fluid railway in North America. Our people are the key to delivering innovative transportation solutions to our customers and to ensuring the safe operation of our trains through the more than 900 communities where we operate. Canadian Pacific is proud to be the official rail freight services provider for the Vancouver 2010 Olympic and Paralympic Winter Games.