H&R REIT Sells its Stake in Scotia Plaza
|Areas||Commercial Real Estate, Competition, Antitrust and Foreign Investment, REITs and Income Securities|
Goodmans represented H&R REIT in connection with the acquisition by AIMCo Realty Investors LP and KingSett Canadian Real Estate Income Fund LP of 50% of an undivided interest in Scotia Plaza and surrounding assets from Dream Office REIT and H&R REIT on June 30, 2016. Dream Office REIT continues to own the remaining 50% interest in Scotia Plaza. The 68-story Scotia Tower is in the heart of Toronto’s financial district and a prominent landmark.