Rosemere Centre Properties Completes Mortgage Bond Financing

On August 14, 2003, Rosemere Centre Properties Limited completed a $120 million first mortgage bond financing, series A bonds, secured against Place Rosemere Shopping Centre located in Rosemere, Quebec. Rosemere Centre Properties is owned by a group of institutional investors and the property is managed by Morguard Investments Limited. The bonds were sold to Metropolitan Life Insurance Company, and have a 10-year maturity.

Rosemere Centre Properties was represented by McCarthy Tétrault LLP in Toronto and Montreal, with a team that included Danny Grandilli, Bram Green, John Sullivan and Stefan Fews. Metropolitan was represented by in-house counsel William Gardella, and by Osler, Hoskin & Harcourt LLP in Toronto and Montreal, with a team that included George Valentini, Katty Habib, Nicole Cloutier, Josée Lefebvre and Myriam Sarrazin.