February 23, 2021

Sale of Interest in Bay Adelaide Centre North to Dadco Group

Goodmans LLP acted for Brookfield Property Partners in connection with its sale of interest in Bay Adelaide Centre North to Dadco Group.

The 50-per-cent passive interest in Bay Adelaide North was bought by Victor Dahdaleh, whose privately held investment firm Dadco Group spent $850-million for similar positions in the other two office buildings that make up Brookfield’s Bay Adelaide Centre. Brookfield will continue to manage the three buildings.

"The Real Estate practice at Goodmans is smart, technical and practical. They are incredibly service oriented and focused on delivering the best advice that is thoughtful and will help achieve business objectives." — The Legal 500 Canada
Goodmans' municipal law group is undoubtedly the industry's leading team. — Chambers Canada
It is unquestionably a leading firm when it comes to complex real estate acquisition, divestiture and development matters. — Chambers Canada
One of the pleasures of dealing with Goodmans is the breadth and depth of the team. The zoning/land use team is the best in Canada, in my opinion. — Chambers Canada
Goodmans LLP is a stellar outfit for acquisition, joint venture, sale and financing transactions, counting its commanding position within the REIT and hospitality markets among its key points of differentiation. — Legal 500 Canada
One client noted, "Goodmans has been able to respond to complex issues in order to put forward articulate presentations on our behalf within very short time frames," adding, "They have shown excellent judgement on the key issues on which to focus." — Chambers Canada
Clients note, "They provide excellent client service and are practical in providing options." — Chambers Canada
One client noted, "We have been extremely pleased with service and support levels," adding "Goodmans provide practical and balanced advice." — Chambers Canada
Clients note, "Goodmans are very professional, strategic and proactive in counselling us on our land use requirements." — Chambers Canada
...frequently mandated on major hotel deals and represents an impressive roster of pension funds, asset managers, REITs and other institutional players. — Chambers Canada
The real estate team is skilled at advising on acquisitions, sales, joint ventures and financing of single assets and portfolios of properties across the country and internationally, but is perhaps best-known for its expertise of REITs and the hospitality industry. — The Legal 500 Canada
The real estate team at Goodmans LLP brings together expertise across capital markets, REITs, municipal and tax law to assist developers, financial institutions, pension funds and governments on the gamut of real estate transactions and construction matters. — The Legal 500 Canada
...a widely revered Ontario real estate practice, acclaimed for the breadth of its experience and prestigious client base. — Chambers Canada

Practices

Industries

Sale of Interest in Bay Adelaide Centre North to Dadco Group

Site Search

Sale of Interest in Bay Adelaide Centre North to Dadco Group

Expertise

Real Estate

Featured Work

GTCR to acquire Dentalcorp for C$2.2 billion

Dayforce to be taken private by Thoma Bravo for US$12.3 billion

RF Capital Group to be acquired by iA Financial Corporation in C$597 million all-cash transaction

Canadian Tire Corporation announced major retrofit of Canada Square with Oxford Properties Group and CT REIT

OMERS sells majority interest in CEDA to Hillcore Group

Oxford Properties Group Trust announces C$700 million dual-tranche Senior Unsecured Notes offering