Acktion Acquires Development Site from Canril

On December 13, 2001, 3683249 Canada Inc., a nominee for Acktion Corporation, acquired a large development site in downtown Ottawa from Canril Corporation for $7.5 million, and an adjoining site from Judy Jay Shoes (1985) Limited for $1.1 million. The site is to be used for an office development. Terry Guilbault is principal of Canril.

The purchaser was represented by Martin Emmons and Andrew Salem of Fraser Milner Casgrain LLP in Toronto, with assistance from the firm’s Ottawa office. Eugene Hretzay, in-house counsel, Acktion, provided assistance. Canril was represented by Rod Seyffert of Gowling Lafleur Henderson LLP in Toronto, and Chris Fournier in Ottawa. Judy Jay Shoes was represented by Joel Cohen in Ottawa.

Phil Rimer and Shannon Miller of Fraser Milner Casgrain in Ottawa represented Bank of Montreal. Stephen Polowin of Augustine Bater Polowin LLP in Ottawa represented Rosslyn Holdings Inc. Daniel Kimmel of Kimmel Victor Ages in Ottawa represented 2860023 Canada Inc.
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