Investors Group Trust Co. Ltd., as trustee for Investors Real Property Fund, recently completed the purchase from History Hill Group of a portfolio of nine commercial and industrial buildings for a purchase price of approximately $76.5 million. The properties include several multi-tenant commercial buildings, a single-tenant automobile dealership, single-tenant warehouse properties and multi-tenant light industrial facilities located in Vaughan and Richmond Hill. The transaction closed on July 27, 2006.
Investors Group is a national leader in financial planning and investment management, delivering personalized solutions to more than one million Canadians. The Investors Real Property Fund is an open-ended mutual fund established by Investors Group in 1983 that invests in a diversified portfolio of income-producing real properties.
Investors Group was represented in the transaction by Blake, Cassels & Graydon LLP, in conjunction with Investors Group in-house counsel, Scott Elson. The Blakes team was led by Chris Huband, with assistance from Craig Thorburn and Maurizio Romano (competition matters) and Christina Beaudoin (real estate). History Hill Group was represented in the transaction by Goodman and Carr LLP, in conjunction with History Hill Group in-house counsel, John Chris. The Goodman and Carr team was led by Mark Brennan, with assistance from Eric Tilley.