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Allied Properties REIT Completes Acquisition of Ownership Interest in 400 West Georgia and Increased Ownership Interest in 19 Duncan

J. Kyle Genga, Jacob B. Dubelaar, Queenie Lo, Jasraj Shergill, Aaron Collins, Kanika Sharma, Jonathan Yantzi, Melanie Cole, Amy Marcen-Gaudaur, Stephen Zolf, Portia Biswas, Michael F. Horvat, Carol J. Burns and Angelo Gentile

On April 1, 2024, Allied Properties Real Estate Investment Trust, a leading owner-operator of distinctive urban workspace in Canada’s major cities, completed the acquisition from Westbank of a 90% ownership interest in 400 West Georgia Street in Vancouver, and an additional 45% ownership interest in 19 Duncan Street in Toronto (increasing Allied’s ownership interest to 95%). The transaction was based on an aggregate property value of $920.7 million.

Aird & Berlis advised Allied with a team led by Kyle Genga and Jacob Dubelaar, and including Kristian Arciaga, Queenie Lo, Jasraj Shergill and Daniella Guzzi (Real Estate), Aaron Collins, Kanika Sharma and Jonathan Yantzi (Financial Services), Melanie Cole and Amy Marcen-Gaudaur (Corporate/Securities), Stephen Zolf and Portia Biswas (Competition), Michael Horvat (Employment), Carol J. Burns and Angelo Gentile (Tax), and Faruk Gafic (Leasing).

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