RioCan Real Estate Investment Trust, owners of the RioCan Leaside Centre at Eglinton Ave E and Laird Drive, have partnered with KingSett Capital to buy the Sheppard Centre in North York from Standard Life for $218 million. The Sheppard Centre is a premier retail, office and residential complex located at the corner of Yonge Street and Sheppard Ave. RioCan owns and manages Canada’s largest portfolio of shopping centres with ownership interests in a portfolio of 314 retail properties in Canada and the United States. KingSett is a private equity real estate investment business with assets under management of more than $3.5 billion.
