Primaris Real Estate Investment Trust (TSX:PMZ.UN) agreed to acquire Halifax Shopping Centre and the Annex in Halifax, Nova Scotia for approximately CAD 370 million on November 20, 2023. Aggregate consideration of CAD 370.0 million consist of CAD 200.0 million of cash, CAD 45.0 million of series A units of the Trust and CAD 125.0 million of 6.0% Exchangeable Preferred Units. Transaction is subject to the satisfaction of customary closing conditions, including the approval of the Toronto Stock Exchange. Competition Act (Canada) approval has been received. Desjardins Capital Markets and TD Securities acted as a financial advisors to Primaris REIT. CBRE Canada acted as a real state advisor to Primaris REIT. Closing is expected on November 30, 2023.

Primaris Real Estate Investment Trust (TSX:PMZ.UN) completed the acquisition of Halifax Shopping Centre and the Annex in Halifax, Nova Scotia on November 30, 2023. All of the conditions have been fulfilled.