On December 11, 2003, the Cadillac Fairview Corporation Ltd. sold the Aberdeen Mall in Kamloops, BC, to BRR Trust of Borealis Retail Real Estate Investment Trust for more than $50 million. Manulife Financial Corp. provided financing to the REIT.
The trust was represented by Blake, Cassels & Graydon LLP, with a team that included Jim Hilton, Jeff Merrick, Greg Umbach and Paul Yeung; and assisted by in-house counsel Devon Jones, Oxford Properties Group. The REIT was represented in-house by Wayne Fraser, senior vice-president; and Louis Forbes, senior vice-president and CFO.
Cadillac Fairview was represented in-house by Louie DiNunzio, investments; and Sandra Hardy, counsel; and by McCarthy Tétrault LLP, with a team that included Nick Blom, Jennifer Williams and Gordon Sato. Manulife Financial was represented by Michael Shane of RBS Lawyers in Vancouver.