University of Waterloo buys up land and bulidings from BlackBerry’s HQ

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BlackBerry’s HQ campus resides next to the University of Waterloo and it seems that the University has bought five buildings from BlackBerry along with the land and parking access for $41 million.

The deal will be closed on the 14th February, which also happens to be Valentines day. Once the deal has been closes, the University of Waterloo will use three of the five buildings immediately, whilst the other two will be leased back to BlackBerry for five years. The university is currently growing whilst BlackBerry, as we know, is downsizing. Every little helps I suppose.

 

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