Mergers and Acquisitions

CANMARC REIT in its acquisition by Cominar REIT

CANMARC Real Estate Investment Trust
Key Contact
François Paradis

Partner, Corporate, Montréal

Team
Bastien Gauthier

Partner, Corporate, Montréal

 

On March 1, 2012, CANMARC REIT, a publicly-traded REIT with a nationally diversified portfolio of 115 commercial properties totalling 9.4 million square feet of gross leasable area and having a value of $1.9 billion, was acquired by Cominar REIT by way of a take-over bid. Following the launch by Cominar REIT of a hostile offer to acquire CANMARC and the implementation of defensive tactics by CANMARC REIT, the two REITs reached a negotiated transaction leading to the creation of one of the largest diversified REITs in Canada.

Osler, Hoskin & Harcourt LLP represented CANMARC REIT with a team that included François Paradis, Bastien Gauthier (Corporate), and Peter Glossop (Competition).

Value
$1.9 billion
Date Closed
March 1, 2012
Lead Office
Montreal
Key Contact
François Paradis

Partner, Corporate, Montréal

Team
Bastien Gauthier

Partner, Corporate, Montréal