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.

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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
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