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What happened, and who moved.
PROREIT agreed to acquire two industrial portfolios for an aggregate $136.8 million: 13 properties in Quebec City (613,000 sq ft, $112.8m) and four in Winnipeg (160,000 sq ft, $24m), from undisclosed vendors, growing its total portfolio to 122 properties and $1.2 billion in assets.
Crown Realty Partners sold the Carling Executive Centre, a three-building, 290,000 sq ft Ottawa office portfolio (90% leased, up from 75% at acquisition seven years ago), to Montreal-based Brasswater for $53 million, marking Brasswater's entry to the Ottawa market; Crown retains the property management and leasing mandate.