Date Closed

November 30, 2012

Lead Office

Toronto

Value

317.60 Million CAD

On November 30, 2012, Primaris Retail REIT announced that it completed the previously announced acquisition of two shopping centres from The Cadillac Fairview Corporation for C$317.6 million. Primaris purchased Regent Mall in Fredericton, New Brunswick and McAllister Place in Saint John, New Brunswick.

McAllister Place is a fully enclosed regional shopping centre in Saint John, New Brunswick containing rentable area of approximately 488,000 square feet; it was built in 1978 and underwent renovations and expansions in 1989, 1996, 1998, 2009 and 2011.

Regent Mall is a fully enclosed regional shopping centre in Fredericton, New Brunswick containing rentable area of approximately 488,000 square feet; it was built in 1976 and underwent renovations and expansions in 1990, 1995, 1996, 1998, 2001 and 2010.

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.

Cadillac Fairview, headquartered in Toronto, Canada, invests, owns, and manages commercial real estate in North America.

McCarthy Tétrault LLP represented Primaris, as acquiror.