Primaris Real Estate Investment Trust (“Primaris”) completes its C$124.3M secondary offering of trust units of Primaris to a syndicate of underwriters bookrun by RBC Capital Markets and TD Securities Inc., and co-led by Desjardins Capital Markets
On June 20, 2025, Primaris Real Estate Investment Trust (“Primaris”) completed its C$124.3 million secondary offering of trust units of Primaris to a syndicate of underwriters bookrun by RBC Capital Markets and TD Securities Inc., and co-led by Desjardins Capital Markets, on a bought-deal basis.
A total of 8,457,944 trust units were sold at a price of $14.70 per trust unit pursuant to the offering. All units were sold by a selling unitholder, an entity managed by Cadillac Fairview.
Primaris, headquartered in Toronto, Ontario, is Canada’s only enclosed shopping centre focused REIT, with ownership interests primarily in leading enclosed shopping centres located in growing mid-sized markets.
McCarthy Tétrault advised the syndicate of underwriters, with a team led by Andrew Parker, that included Suzie Cusson, Jonathan Leung (Corporate), Fred Purkey and Kathryn Walker (Tax).
