What happened, and who moved.
7 items
GO Residential REIT has proposed a $3.4 billion cash‑and‑stock offer to acquire Toronto‑based H&R REIT, which would make GO the second‑largest residential REIT in Canada.
JLL launched Canada’s first all‑female industrial brokerage team and listed a 95,692‑sq‑ft industrial unit in Burlington.
CEO Tom Hofstedter is purchasing $410 million of H&R REIT properties to enable a $3.4 billion takeover by GO Residential REIT.
Hudson's Bay filed for creditor protection after a prolonged decline fueled by costly acquisitions and the sale of valuable Canadian real estate assets.
RioCan REIT said it will seek to repurpose vacant Hudson’s Bay store space after the retailer’s CCAA filing, noting $10 million monthly rent owed and its $325 million joint‑venture stake in 12 properties.
Hudson’s Bay closed all 80 department stores, creating millions of square feet of vacant retail space and prompting landlords to consider redevelopments or lease sales.
New CEO Jonathan Gitlin will focus on urban shopping centres and residential redevelopment as RioCan targets a post‑pandemic city rebound.