Boardwalk Equities Purchases Place de Merici

Calgary-headquartered Boardwalk Equities Inc. purchased. for $27.1 million. the four-building Place de Merici in the Les Jardins de Merici complex in Quebec City from Cadim. a member of the CDP Capital - Real Estate Group. The deal closed on November 4. 2002. Financing was by mortgage loan of $20.6 million. as well as cash and credit lines.

Boardwalk Equities was represented by in-house counsel Doug Biggs in Calgary. and by Stikeman Elliott LLP with a team including Viateur Chénard. Nicole Nobert. Michéle Baillargeon and Myriam Fortin in Montreal. Cadim was represented by in-house counsel Steve Collins. and by Davies Ward Phillips & Vineberg LLP with a team including Bob Bauer and Greg Southam in Toronto and Brian Salpeter in Montreal.

Lawyer(s)

Brian G. Salpeter Viateur Chénard Nicole Nobert Myriam Fortin Michéle Baillargeon Gregory G. Southam

Firm(s)

Stikeman Elliott LLP Davies Ward Phillips & Vineberg LLP Davies Ward Phillips & Vineberg LLP