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CP/All Vision to develop outdoor advertising infrastructure


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#1 CNJRoss

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Posted 30 June 2015 - 05:43 AM

CP news release:

CP and All Vision partner to develop outdoor advertising infrastructure

June 29, 2015 Calgary, AB

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Canadian Pacific (TSX: CP) (NYSE: CP) and All Vision LLC (All Vision) are pleased to announce an agreement to enter into a multi-year venture to develop strategic outdoor advertising infrastructure along CP's right of way.

 

Van Horne Outdoor (VHO) represents the next step in CP's real estate ventures.

 

"This fits well with CP's strategic approach to our real estate assets as All Vision is well positioned to assist us in unlocking value in the outdoor advertising space," said Mark Wallace, CP's Vice-President, Corporate Affairs and Chairman of VHO. "All Vision is an expert in this field and we look forward to this multi-year partnership to optimize CP's assets."

 

The VHO joint venture will leverage All Vision's expertise in outdoor advertising to develop new outdoor infrastructure that will generate long-term revenue and shareholder value. The agreement will focus on constructing digital advertising infrastructure and the management of CP's licenses for over 700 existing sign boards located on the railway's right of way.

 

"It is a privilege and honour to work with Canadian Pacific on this progressive opportunity to create significant and sustainable long term value for both companies," said Greg Smith, CEO of All Vision LLC. "This partnership represents a further step forward in solidifying our position as the leader in the management and development of outdoor advertising assets across North America."

 

CP has nearly 14,000 miles of track and right of way spanning the continent.​

 

About Canadian Pacific

Canadian Pacific (TSX:CP)(NYSE:CP) is a transcontinental railway in Canada and the United States with direct links to eight major ports, including Vancouver and Montreal, providing North American customers a competitive rail service with access to key markets in every corner of the globe. CP is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpr.ca to see the rail advantages of Canadian Pacific.

 

  About All Vision

All Vision LLC ("All Vision") was formed as a Delaware Limited Liability Company in October 2002 to assist public and private property owners with the development and management of outdoor advertising assets on their properties. All Vision Canada Company was incorporated in Nova Scotia in 2004 and is a wholly owned subsidiary of All Vision LLC. All Vision represents a growing portfolio of more than 3,000 outdoor advertising assets across Canada and the United States, with particular emphasis on rail properties.​






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