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BlackBerry logos and flags are seen at the company's offices in Waterloo, Ont., in this file photo.
BlackBerry logos and flags are seen at the company's offices in Waterloo, Ont., in this file photo.
(Matthew Sherwood for The Globe and Mail)

BlackBerry properties could fetch $300-million

BlackBerry Ltd.’s sale of the bulk of its Canadian real estate attracted a large number of bidders and could raise something in the neighbourhood of $300-million, sources say.

The Globe and Mail first reported that BlackBerry was considering selling its real estate last fall, as the company sought to shore up its finances in the face of declining revenues. It officially put the collection of properties on the market in January, when it hired brokerage firm CBRE Ltd. to handle the sale. Last week, BlackBerry announced that it had struck a deal for the portfolio, which includes more than 3 million square feet of space as well as vacant lands, but that it wouldn’t announce who bought it or for how much until the deal closes.