Capital Markets

SmartCentres in its $230 million bought deal equity offering

SmartCentres REIT

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Expertise
Capital Markets REITs
Key Contact
Christopher Murray

Partner, Corporate, Toronto

Team
Jack Silverson

Partner, Tax, Toronto

On January 23, 2019, SmartCentres Real Estate Investment Trust completed its previously announced equity offering, for gross proceeds of $230 million.

SmartCentres intends to use the proceeds to fund, in part, its previously announced development programs with respect to the Vaughan Metropolitan Centre, seniors housing, self-storage, multi-family residential, retail and other initiatives. 

SmartCentres, headquartered in Vaughan, Ontario, is one of Canada's largest real estate investment trusts with total assets of approximately $9.4 billion.

Osler, Hoskin & Harcourt LLP represented SmartCentres with a team led by Chris Murray (Corporate) that included Tara Law (Corporate Counsel), Charlie Zilvytis (Corporate) and Jack Silverson (Tax).

Value
$230 million
Date Closed
January 23, 2019
Lead Office
Toronto
Key Contact
Christopher Murray

Partner, Corporate, Toronto

Team
Jack Silverson

Partner, Tax, Toronto

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