Primaris Real Estate Investment Trust says it has signed a deal to buy a shopping centre complex in Halifax for $370 million, the deal includes the Halifax Shopping Centre and the Annex, which sits adjacent to the mall.. A small crowd lines outside the Halifax Shopping Centre for the sale a new Apple iPhone Friday, July 11, 2008. THE CANADIAN PRESS/Andrew Vaughan
Primaris Real Estate Investment Trust says it has signed a deal to buy a shopping centre complex in Halifax for $370 million, the deal includes the Halifax Shopping Centre and the Annex, which sits adjacent to the mall.. A small crowd lines outside the Halifax Shopping Centre for the sale a new Apple iPhone Friday, July 11, 2008. THE CANADIAN PRESS/Andrew Vaughan
The Halifax Shopping Centre is an enclosed shopping centre and its tenants include Sport Chek, Zara, Apple and Aritzia.
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The Annex is an open air centre with tenants including Walmart, Sobeys and Dollarama.
Under the agreement, Primaris will pay $200 million in cash, $45 million in series A units in the trust and $125 million in exchangeable preferred units.
The deal is expected to close on Nov. 30.
This report by The Canadian Press was first published Nov. 20, 2023.
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