BlackBerry Ltd. reached an agreement to sell most of its real-estate holdings in Canada, to help the struggling smartphone maker shore up cash for its turnaround plan.

BlackBerry will sell more than 3 million square feet of space, plus vacant property, and lease back some of it in a transaction expected to close by the end of May, according to a statement. The Waterloo, Ontario-based company didn’t disclose terms of the agreement, nor name the buyer. CBRE Ltd. advised BlackBerry on the deal.

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