RioCan REIT Acquires Two Shopping Centres from Walmart and SmartCentres

On September 13, 2010, RioCan Real Estate Investment Trust completed the acquisition of Walmart Canada Realty Inc.'s and SmartCentres Realty Inc.'s interests in one shopping centre located in Ontario and one shopping centre located in Québec, totalling approximately 558,880 square feet. Both properties are anchored by Walmart. The purchase price for the properties was approximately $100.7 million.

RioCan was represented by Fogler, Rubinoff LLP, with a team including Raymond Gelgoot, Leneo Sdao and William Berger; by Davies Ward Phillips & Vineberg LLP (tax and corporate), with a team including Ronald Wilson and Ryan MacDermid; by Goodmans LLP (securities), with a team including Brenda Gosselin and John Connon; and by De Grandpré Chait LLP, with a team including Marc Rubin.

Walmart and SmartCentres were represented by Walmart in-house counsel Peter Prattas and SmartCentres in-house counsel Joseph Amato, respectively, by Davies Ward Phillips & Vineberg LLP, with a team including Gregory Howard, Steven Martin, Mindy Gilbert, Anita Banicevic and Matthew Singerman; by Blaney McMurtry LLP, with a team including Brett Tkatch, Shawn Wolfson and Jeffrey Warren; and by De Grandpré Chait LLP, with a team including Fredric Carsley and Daniel Martin. SmartCentres was also separately represented by Goodmans LLP (tax, corporate and securities), with a team including William Alcamo, Alan Bowman, Glenn Ernst and Cristina Alaimo.
Lexpert Copyrights © Thomson Reuters Canada Limited