Primaris REIT to acquire Halifax Shopping Centre and the Annex in Halifax for $370m.

Primaris REIT, Canada's only enclosed shopping centre focused REIT, agreed to acquire Halifax Shopping Centre, a regional enclosed shopping centre in the high growth market of Halifax, Nova Scotia, and the Annex, an open air centre located immediately adjacent to Halifax Shopping Centre, for $370m. "Halifax Shopping Centre and the Annex exemplify the quality and market leading nature of Primaris REIT’s target acquisition profile. The shopping complex is extremely well located in central Halifax, adjacent to Halifax Transit’s Mumford Terminal and at the gateway to the Halifax peninsula, with a market leading position in one of Canada’s fastest growing mid-sized population centres," Patrick Sullivan, Primaris REIT President and COO.