Ontrea Sells Georgian Mall to RioCan REIT

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 T├ętrault LLP, with a team that included John Currie, Jonathan See and Patrick Kee.


Jonathan See David Reiner Raymond M. Gelgoot Anita Banicevic Donald C. Stanbury Patrick Kee John C. Currie Gregory J. Howard I. William Berger Leneo E. Sdao