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Brookfield Properties Consortium completes sale of Calgary office properties to Dundee

Date Closed

June 15, 2006

Lead Office



216.50 Million CAD

On June 15, 2006, The Brookfield Properties Consortium completed the sale of six office properties in Calgary, Alberta to a subsidiary of Dundee REIT for a total consideration of C$216,500,000. The six properties were acquired in 2005 as part of the Consortium’s acquisition of the O&Y REIT. The Brookfield Properties Consortium consists of BPO Properties Ltd., the Canadian-based subsidiary of Brookfield Properties Corporation, and two institutional investors, one of which is a subsidiary of CPP Investment Board.

McCarthy Tétrault advised the lenders to the acquisition with a team that included Fred Rubinoff and Jamie Orzech.