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GE Capital Real Estate completes sale of 68 real estate assets to Cominar REIT

Date Closed

September 14, 2012

Lead Office


On September 14, 2012, Cominar Real Estate Investment Trust ("Cominar") announced that it had closed its previously announced acquisition of a portfolio of 68 properties in Montréal, Québec City and Ottawa from GE Capital Real Estate's Canadian equity platform comprising 4.3 million square feet. The acquired portfolio consists of 14 office buildings (1.5 million square feet) and one vacant land parcel (3.4 acres) in Ottawa; 23 office properties (1.2 million square feet) and 23 industrial properties (1.3 million square feet) in Montréal; and 4 office properties (200 thousand square feet) and 3 industrial properties (53 thousand square feet) in Québec City.

Cominar Real Estate Investment Trust, headquartered in Québec City, Québec, is the third largest diversified real estate investment trust in Canada and currently remains the largest property owner in the Province of Québec.

GE Capital Real Estate, headquartered in Brossard, Québec, invests in the commercial real estate sector and currently has debt and equity activities across North America, Europe and Asia-Pacific.

McCarthy Tétrault LLP represented GE Capital Real Estate, as seller, with a team led by Fred Rubinoff, and including Annie Gagnon-Larocque, and Jamie Orzech.