Represented Allied Properties Real Estate Investment Trust, a leading operator of distinctive urban workspace in Canada’s major cities and network-dense urban data centres in Toronto, in its acquisition of six urban office properties from Choice Properties Real Estate Investment Trust for $794 million.
Acted as principal counsel to the landlord in connection with the negotiation of a long-term credit lease agreement with Wal-Mart Canada Corp. for the construction and leasing of a 550,000 sq. ft. state-of-the-art distribution centre in Vaughan, Ontario, and the issuance of $210 million aggregate principal amount of 3.340% Series A First Mortgage Bonds, the proceeds of which will be used to, among other things, finance the facility's construction costs.
Advised a senior secured lender under a $650 million construction loan facility in connection with the real estate aspects of a security review opinion and the resulting receivership and sale process relating to a high-rise residential condominium project in Toronto.
Lead counsel to the purchaser of a 90-property portfolio of CIBC banking centre locations across Canada as part of a sale/leaseback transaction and related acquisition financing.
Lead counsel to the borrower in connection with a $200 million first-ranking acquisition credit facility with respect to the purchase of 2 Bloor Street West and Cumberland Terrace, Toronto.
Lead counsel to the developer in connection with construction loan facilities for several major downtown Toronto condominium sites.
Co-counsel to a consortium that acquired 17 shopping centre properties from Primaris REIT as part of a larger $4.5 billion dollar transaction.
Lead counsel to the vendor of a portfolio of 14 industrial and mixed-use properties in the GTA with a total leasable area of approximately 1.2 million square feet for a purchase price of approximately $100 million.
Represented the owner/developer in the negotiation of a lease for an approximately 1 million square-foot shipping and receiving facility and related $84 million construction loan facility.
Co-counsel to the joint venture in connection with the acquisition of ING Summit Industrial Fund LP (including indirect interests in 400+ industrial property portfolio) for an aggregate purchase price of approximately $2 billion.
Represented Ontario Teachers' Pension Plan Board in the creation of a $300 million Mezzanine Mortgage Fund targeted at the retirement home and long-term care sectors.