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).
Key Contact
Partner, Corporate, Montréal
Team
Partner, Corporate, Montréal