Simon Property Group Inc., Calloway Real Estate Investment Trust and SmartCentres completed the acquisition of the site for the development of a second Premium Outlet Centre in Canada, to be located in Mirabel, Quebec. The project is a joint venture between Simon, Calloway and Penguin, with Simon having a 50 per cent interest and each of Calloway and SmartCentres having a 25 per cent interest.
The vendor of the site, MSG Lac Mirabel, SEC, a joint venture between Morgan Stanley Real Estate and Gordon Group Holdings, LLC, was represented by Davies Ward Phillips & Vineberg LLP in Montreal, with a team that included Joseph Jarjour, Michael Kandev and Fotini Gagaoudakis.
Simon was represented by Fred Rubinoff of Goodmans LLP, with assistance from Annie Gagnon-Larocque and Mathieu Laflamme of McCarthy Tétrault LLP in Montreal.
Calloway was represented by Osler, Hoskin & Harcourt LLP, with a team that included Rod Davidge, Nicole Cloutier, Christopher Main and Tim Watson.
SmartCentres was represented by in-house counsel Joseph Amato, and by Davies Ward Phillips & Vineberg LLP in Toronto, with a team that included Gregory Howard, Steven Martin, Matthew Singerman and Pawel Mielcarek, with assistance from Daniel Martin and Pierre Setlakwe of De Grandpré Chait LLP in Montreal.