TrizecHahn Sells Two Data Centres to H&R REIT

TrizecHahn Corporation has continued the sale of the majority of its Canadian office portfolio. On May 1, 2001, TrizecHahn sold its interest in two data centres to H&R Real Estate Investment Trust for $113.6 million. The buildings are located in Toronto and Montreal.

Davies Ward Phillips & Vineberg LLP assisted TrizecHahn’s in-house counsel Beth Vogel in the negotiation and completion of the transaction with a team that included Greg Howard, Greg Southam and Kent Beattie. Mario Caron of Ogilvy Renault acted as local Quebec counsel on behalf of TrizecHahn. David M. Kutner and Robyn Kestenberg of Minden Gross Grafstein & Greenstein LLP acted for H&R Real Estate Investment Trust.