Cadillac Fairview and Ivanhoe Cambridge Sell Cataraqui Town Centre to Primaris Retail REIT

On August 19, 2010, Cadillac Fairview and Ivanhoe Cambridge, as co-owners, completed their sale of the Cataraqui Town Centre to Primaris Retail REIT for approximately $168 million. Concurrently with the closing of the purchase and sale transaction, Primaris obtained mortgage financing from Otéra Capital in the amount of $105 million, which was secured against Primaris's acquired interest in the Cataraqui Town Centre, an enclosed shopping centre in Kingston, Ontario, containing a gross leaseable area of approximately 595,000 square feet.

Cadillac Fairview was represented by in-house counsel Rory Dyck. Ivanhoe Cambridge was represented by in-house counsel Denis Boulianne. Both Cadillac Fairview and Ivanhoe Cambridge were represented by Davies Ward Phillips & Vineberg LLP with a team including Gregory Howard, Frank Arnone, Donald Stanbury and David Reiner.

Primaris Retail REIT was represented by in-house counsel Devon Jones and by McCarthy Tétrault LLP with a team including Abraham Costin, Bram Green, Alysha Valenti, Tzen-Yi Goh and Paul Galbraith.

Otéra Capital was represented by Martin Middlestadt at Fogler, Rubinoff LLP.

Lawyer(s)

Gregory J. Howard Bram J. Green Paul Galbraith Donald C. Stanbury Frank P. Arnone Tzen-Yi Goh Abraham (Bram) Costin Rory J. Dyck David Reiner

Firm(s)

Davies Ward Phillips & Vineberg LLP McCarthy Tétrault LLP Fogler, Rubinoff LLP