Ontrea Inc. sold Georgian Mall to RioCan Real Estate Investment Trust for a purchase price of approximately $318 million.
Georgian Mall is a fully enclosed two-level regional shopping centre in Barrie, Ontario.
Royal Bank of Canada provided acquisition financing in the amount of $185,000,000.
Ontrea was represented by in-house counsel, Sandra Hardy and Rory Dyck, and by Davies Ward Phillips & Vineberg LLP, with a team that included Gregory Howard, Donald Stanbury, Anita Banicevic and David Reiner.
RioCan was represented by Fogler, Rubinoff LLP, with a team that included Ray Gelgoot, Leneo Sdao and William Berger.
Royal Bank was represented by McCarthy Tétrault LLP, with a team that included John Currie, Jonathan See and Patrick Kee.