Canadian Pacific to sell historic Windsor Station in Montreal

MONTREAL (CP) - Canadian Pacific Railway (TSX:CP) plans to sell Windsor Station in Montreal through a request for proposal process it hopes will gauge market value for the historic property. "This process is undertaken as part of CP's ongoing evaluation of opportunities to monetize the value of its real estate assets to maximize returns to the company and reduce ongoing operating costs," the company said in a release. Up for sale are real estate parcels consisting of the Windsor Station office building and courtyard, the Windsor Tower and an interest in the Bell Centre parking garage.