Parties
Company
Nobel REIT Limited Partnership
Company
Nexus Real Estate Investment Trust
Company
Crombie Real Estate Investment Trust
Crombie Real Estate Investment Trust has agreed to sell a 50 percent non-managing interest in its Pointe-Claire, QC Customer Fulfilment Centre, to Nexus REIT and Nobel REIT Limited Partnership for a total purchase price of $98.2 million, including the purchaser's assumption of $61.5 million mortgage financing related to the property.
Blakes acted for Nobel REIT Limited Partnership and Nexus Real Estate Investment Trust with a team that included Jean-Simon Lamarre.
Deal Type
Merger & AcquisitionIndustry
InfrastructureTransaction
$ 98,200,000Deal Status
ClosedClosing Date
01 February 2022