PenRetail II Acquires Milton Mall and Loblaws Site

In April 2, 2004, PenRetail II Ltd. completed the acquisition of Milton Mall from a subsidiary of Summit Real Estate Investment Trust for approximately $21.2 million, together with the acquisition, from the Canada Life Assurance Company, of an adjacent property housing a Loblaws store.

In its acquisition of both properties, PenRetail II was assisted by Davies Ward Phillips & Vineberg LLP, with a team that included Kent Beattie, Sarah Powell and Donald Stanbury.
Summit was represented by Goodman and Carr LLP, with a team that included Michael Winton and John Hermann. Canada Life was represented by Cassels Brock & Blackwell LLP, with a team that included Lanning Abramson and Paul Muchnik.

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