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HOOPP/Morguard REIT acquires Heritage Place and Standard Life Centre

Date Closed

December 15, 2006

Lead Office

Toronto

Value

210.00 Million CAD

On December 15, 2006, funds controlled by Hamburg-based MPC Münchmeyer Petersen Real Estate Consulting GmbH and advised by Northam Realty Advisors Limited in Toronto completed the sale of the properties known as Heritage Place and the Standard Life Centre, both in Ottawa, to Morguard Real Estate Investment Trust and HOOPP Realty Inc., for an aggregate sale price of C$210 million.

McCarthy Tétrault LLP advised Morguard Real Estate Investment Trust and HOOPP Realty Inc. with a team led by Danny Grandilli.

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