Announced
Completed
Financials
Tags
Public
Acquisition
Commercial REITs
Canada
Majority
Private Equity
real estate investment
Cross Border
Friendly
Single Bidder
Completed
Synopsis
Canderel-led consortium-led Iris Acquisition II, completed the acquisition of Cominar Real Estate Investment Trust for $5.7bn. Canderel Consortium also includes FrontFour Capital, Artis Real Estate Investment Trust, Sandpiper Group and Koch Real Estate Investments. Mach to acquire approximately $1.5bn of retail and office properties as part of the transaction. “This transaction will provide significant benefits to key stakeholders, including tenants of Cominar, by leveraging the resources of the Canderel platform and a Québec-led group of investors with a long-term perspective to unlock opportunities for growth and development in the communities where Cominar operates,” Brett Miller, Canderel CEO.
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