Transaction|April 19, 2017
Cadillac Fairview sells Promenade Shopping Centre
Torys acted as counsel to Cadillac Fairview with a team that included David Dell and Christine Innes.
On April 19, 2017, Promenade General Partner Inc. ("Promenade"), the general partner of a partnership comprised of Serruya Private Equity and Liberty Development Corporation, completed the purchase of Promenade Shopping Centre located in Thornhill, Ontario from The Cadillac Fairview Corporation Limited and Ontrea Inc. ("Cadillac Fairview").
Promenade Shopping Centre serves as a hub for the Thornhill community with more than 150 stores and services and will be managed by Centrecorp Management Services Limited.
Cadillac Fairview is one of the largest owners, operators and developers of best-in-class office, retail and mixed-use properties in North America.
Further information can be found on Canada Newswire's website.