Canadian real estate giants come to Primaris compromise

02/6/2013 | Financial Post (Canada)

A group of Canada's most prominent real estate players came to a compromise over one of the country's largest real estate investment trusts after almost two months of negotiations. KingSett Capital and other organizations agreed to evenly distribute Primaris REIT's retail portfolio, splitting Toronto's Dufferin Mall and nine smaller properties. "The facts speak for themselves. The transaction creates value for everyone. Today's deal, we each get what we really want," KingSett Capital's managing partner Jon Love said.

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