KingSett and H&R REIT Team Up on Primaris Buy
KingSett Capital has teamed up with former competitor H&R Real Estate Investment Trust to acquire Canadian shopping mall owner Primaris Retail Real Estate Investment Trust. The Toronto, Ontario-based KingSett, a private equity firm focused on the real estate sector, leads an investor group that includes Ontario Pension Board. Under the terms of the new purchase offer, valued at nearly C$28 per Primaris unit, or close to C$5 billion in total, the KingSett consortium and H&R will divide Primaris operational assets and properties.
11 February 2013•10 mins read
