On February 14, 2017, Nobel Real Estate Investment Trust (“Nobel”) and Edgefront Real Estate Investment Trust (“Edgefront”) jointly announced their merger to create a $300 million diversified REIT. The merger would be structured and implemented by way of an arrangement agreement and plan of arrangement pursuant to the Canada Business Corporations Act. Upon completion of the Merger, the combined company was renamed Nexus Real Estate Investment Trust (“Nexus REIT”).
Nexus REIT is a Canadian-based real estate investment trust. The company focuses on increasing unitholder value through the acquisition, ownership and management of industrial, office and retail properties located in primary and secondary markets in North America.
Osler, Hoskin & Harcourt LLP represented Nobel with a team consisting of François Paradis, Jeremy Brisset, Tim Apedaile (Corporate), Sylvain Lussier and Jean-François Forget (Litigation), Antoine Stébenne and David Wilson (Tax).