KingSett and H&R REIT Complete Primaris Buy

H&R Real Estate Investment Trust has completed its acquisition of Canadian shopping mall owner Primaris Retail Real Estate Investment Trust. Under the terms of the deal, which sees H&R and a consortium led by real estate-focused private equity firm KingSett Capital effectively divide Primaris assets, the KingSett consortium will acquire 17 Primaris properties. The entire transaction has been estimated at approximately C$5 billion.

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