Real Estate

Chartwell in its $150-million debentures offering

On October 28, 2024, Chartwell Retirement Residences (Chartwell) closed its previously announced issuance of $150 million of 4.400% Series D senior unsecured debentures. The offering was completed on an agency basis through a syndicate of investment dealers led by TD Securities, BMO Capital...

Lead Office: Toronto Date Closed: October 28, 2024 Value: $150 million

Live Nation Canada in its development of the new Rogers Stadium

On September 26, 2024, Live Nation announced its agreement to construct and operate Toronto’s largest purpose-built outdoor concert venue. The open-air facility, which will host up to 50,000 attendees when it opens next June, will be named Rogers Stadium.  Live Nation is the world’s...

Lead Office: Toronto Date Announced: Sep 26, 2024 Value: --

Fitzrovia in its acquisition of Le Smith, C-Loft Towers for $103.3 million

On September 4, 2024, it was announced that in a joint venture with an undisclosed Canadian institutional partner, Fitzrovia purchased, for $103.3 million, the Le Smith and C-Lofts apartment towers, two modern neighboring properties in downtown Montréal’s trendy Quartier des Spectacles...

Lead Office: Montreal Date Announced: Sep 4, 2024 Value: $150 million

Joint venture between Rio Tinto and Aymium

On July 25, 2024, Rio Tinto and Aymuim announced its new biocarbon joint venture in Québec, Évolys Québec Inc. This venture will be involved in manufacturing a renewable metallurgical biocarbon product to decrease carbon emissions in large-scale industrial processes. The joint venture will be...

Lead Office: Montreal Date Announced: Jul 25, 2024 Value: --

Penfund in connection with TorQuest’s acquisition of Mevotech

Osler advised Mevotech LP and its owner Penfund in connection with TorQuest’s acquisition of Mevotech. Mevotech is a North American leader in the engineering and design of driveline, steering, and suspension parts for the auto aftermarket. Penfund is a leading provider of capital to middle...

Lead Office: Toronto Date Announced: Jul 15, 2024 Value: --

Chartwell in its $345 million trust unit offering

On June 27, 2024, Chartwell Retirement Residences (Chartwell) announced the closing of its previously announced public offering of 28,290,000 trust units at a price of $12.20 per unit for total gross proceeds of approximately $345 million. The financing was completed on a bought deal basis through...

Lead Office: Toronto Date Announced: Jun 27, 2024 Value: $345 million

Cedar LNG announces positive final investment decision (FID) on Cedar LNG Project, a landmark US$3.4B initiative

On June 25, 2024, Cedar LNG announced a positive final investment decision on the Cedar LNG Project, a floating liquefied natural gas facility located in the traditional territory of the Haisla Nation, on Canada’s West Coast. This project, valued at approximately US$3.4B with a nameplate...

Lead Office: Vancouver Date Announced: Jun 25, 2024 Value: US$3.4 billion

The agents in connection with First Capital REIT’s offering of $300 million Series B unsecured debentures

On March 1, 2024, First Capital REIT announced the closing of its offering of $300 million aggregate principal amount of Series B senior unsecured debentures on a private placement basis in certain provinces of Canada. The debentures were offered through a syndicate of agents co‐led by Desjardins...

Lead Office: Toronto Date Announced: Mar 1, 2024 Value: $300 million

Special Committee of Tricon Residential in its US$3.5 billion acquisition by Blackstone

On January 19, 2024, Tricon Residential announced it had entered into an arrangement agreement with Blackstone Real Estate Partners X and Blackstone Real Estate Income Trust, Inc. to acquire all outstanding common shares of Tricon for US$11.25 per Common Share in cash. Tricon Residential Inc. is...

Lead Office: Toronto Date Closed: -- Value: US$3.5 billion

SAGE Properties Corp in its sale of its Harbour and Manor senior living facilities and related businesses to Shepherd’s Care Foundation

On July 17, 2023, SAGE Property Group announced the sale of its Harbour and Manor senior living facilities and related businesses located in Rocky View County, Alberta, to Shepherd’s Care Foundation. The Harbour and Manor seniors’ residences consist of 32 memory care suites and...

Lead Office: Calgary Date Closed: November 1, 2023 Value: -