InterRent REIT to be acquired by consortium that includes CLV Group in partnership with GIC in $4 billion all-cash transaction

Goodmans LLP is acting for a consortium that includes CLV Group Inc. in partnership with GIC in connection with the acquisition of InterRent REIT, whereby pursuant to a plan of arrangement a newly formed entity owned by CLV Group and GIC, named Carriage Hill Properties Acquisition Corp., will acquire InterRent in an all-cash transaction valued at approximately $4 billion, including the assumption of net debt.

The transaction allows CLV and GIC to build a best-in-class operating platform and assemble a portfolio of well-located properties in some of Canada’s strongest urban rental markets. The transaction is subject to customary conditions and approvals, and is expected to close in late 2025 or early 2026.

InterRent REIT is a growth-oriented real estate investment trust engaged in increasing unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties.

CLV Group is an industry-leading apartment developer, with a diverse investment approach centred on residential and mixed-use opportunities.

GIC is a leading global investment firm established in Singapore to manage the country’s foreign reserves.