KingSett Completes Acquisition of LuCliff Place

KingSett Canadian Real Estate Income Fund LP (“KingSett”) completed an acquisition of the mixed-use building known as LuCliff Place located in Toronto, from LuCliff Company Limited(the “Vendor”) for the aggregated sum of $112 million.

The acquisition was financed in part by Royal Bank of Canada.

In connection with the acquisition, KingSett was represented by Bennett Jones LLP with a team comprising Simon Crawford and Michael Kershaw.

In connection with the financing, KingSett was represented by Osler, Hoskin & Harcourt LLP. The team from Osler comprised Laurie Barrett, Andrew Aziz and Anna Huculak.

The Vendor was represented by McMillan LLP with a team comprising Luigi Macchione and Matthew German.

Royal Bank of Canada was represented by Gowling Lafleur Henderson LLP with a team comprising Christopher Alam and Christine Mason.