Primaris Retail REIT completes C$377 million acquisition of shopping centre portfolio

Date Closed

March 04, 2013

Lead Office

Toronto

Value

377.00 Million CAD

On February 1, 2013, Primaris Retail REIT announced that it completed the previously announced its C$377 million acquisition of two clusters of shopping centres in Edmonton and Medicine Hat from T & T Properties.

Primaris, headquartered in Toronto, Canada, is a real estate investment trust that specializes in owning and operating Canadian enclosed shopping centres that are dominant in their local trade areas. As of April 4, 2013, Primaris is a wholly owned subsidiary of H&R REIT. All operating functions including leasing, accounting and property management are continuing under Primaris management. Primaris units are no longer publicly traded.

McCarthy Tétrault LLP represented Primaris as acquiror with a team that was led by Abraham Costin.

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