Royal Bank of Canada finances a portion of RioCan REIT’s C$318 million purchase of Georgian Mall from Ontrea
Date Closed
August 31, 2012
Lead Office
Toronto
Value
185.00 Million CAD
On August 31, 2012, Ontrea Inc. sold Georgian Mall to RioCan Real Estate Investment Trust for a purchase price of approximately C$318 million.
Georgian Mall is a fully enclosed two-level regional shopping centre in Barrie, Ontario containing rentable area of approximately 604,000 square feet. It was built in 1973 and renovated and expanded in 2006.
Royal Bank of Canada provided acquisition financing in the amount of C$185 million.
McCarthy Tétrault LLP represented Royal Bank of Canada, the lender, with a team led by John Currie.
