On Dec. 18, 2020, Granite REIT Holdings Limited Partnership (Granite LP), a subsidiary of Granite Real Estate Investment Trust and Granite REIT Inc. (collectively, Granite), completed an offering of $500 million aggregate principal amount of Series 5 senior unsecured debentures due 2030 (2030 Debentures). The 2030 Debentures were sold by way of a prospectus supplement through a syndicate of agents co-led by BMO Capital Markets and Scotia Capital, and which included RBC Dominion Securities Inc., TD Securities Inc., CIBC World Markets Inc., Industrial Alliance Securities Inc. and National Bank Financial Inc.
Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns over 110 investment properties representing approximately 47 million square feet of leasable area.
Lawrence Clarfield, senior vice president, legal counsel, represented Granite LP.
Davies Ward Phillips & Vineberg LLP represented Granite LP with respect to tax matters with a team that included