Transaction|June 5, 2013
First Capital Realty Inc. announces closing of property portfolio sale to Retrocom REIT
Torys acted as counsel to First Capital Realty with a team that included Sabrina Gherbaz, Simon Knowling and Nooreen Bhanji (real estate) and Jay Holsten (competition).
On June 5, 2013, First Capital Realty Inc. (First Capital) completed its previously announced sale of twelve investment properties, totalling approximately 964,000 square feet, to Retrocom Real Estate Investment Trust (Retrocom) for approximately C$190 million.
First Capital Realty is an owner, developer and operator of supermarket and drugstore shopping centres located predominantly in growing urban markets.
Retrocom REIT is an unincorporated, open-end real estate investment trust which focuses on owning and acquiring retail properties across Canada with the goal of enhancing long-term unitholder value.
Further information can be found on Marketwire's website.
First Capital Realty is an owner, developer and operator of supermarket and drugstore shopping centres located predominantly in growing urban markets.
Retrocom REIT is an unincorporated, open-end real estate investment trust which focuses on owning and acquiring retail properties across Canada with the goal of enhancing long-term unitholder value.
Further information can be found on Marketwire's website.