Mergers and Acquisitions

SmartCentres REIT in its $1.16 billion acquisition of the SmartCentres platform

SmartCentres REIT
Key Contact
Christopher Murray

Partner, Corporate, Toronto

Team
Jack Silverson

Partner, Tax, Toronto

Rod Davidge

Partner, Real Estate, Toronto

Shuli Rodal

Partner, Competition/Antitrust and Foreign Investment
Chair, Diversity Committee, Toronto

 

On May 28, 2015, Smart Real Estate Investment Trust (now known as SmartCentres REIT, formerly Calloway Real Estate Investment Trust) and its affiliates completed the acquisition of the SmartCentres platform from Mitchell Goldhar and SmartCentres as part of a $1.16 billion transaction. The transaction made SmartCentres REIT a fully integrated real estate developer and operator by adding SmartCentres' platform of development, leasing, planning, engineering, architecture and construction capabilities. The transaction also included the acquisition by SmartREIT and its affiliates of a $1.1-billion portfolio of 24 properties located principally in Ontario and Québec.

Osler, Hoskin & Harcourt LLP represented SmartCentres REIT with a team consisting of Chris Murray (Corporate), Rod Davidge (Real Estate), Tara Law, Lauren Lefcoe (Corporate), Jack Silverson (Taxation) and Shuli Rodal (Competition).

Value
$1.16 billion
Date Closed
May 28, 2015
Lead Office
Toronto
Key Contact
Christopher Murray

Partner, Corporate, Toronto

Team
Jack Silverson

Partner, Tax, Toronto

Rod Davidge

Partner, Real Estate, Toronto

Shuli Rodal

Partner, Competition/Antitrust and Foreign Investment
Chair, Diversity Committee, Toronto