The leader of the ambitious takeover is KingSett Capital which doesn’t have a very high public profile. But its got money and it has formed a consortium of Ontario and Qeubec interests to try to scoop up the Primaris Reit. Primaris is owner of among many other malls, the Eglinton Square Shopping Centre at Victoria Park Ave. and Eglinton Ave. E. The very high -profile RioCan Inc, owners of at least two properties in Leaside, has also agreed as part of any successful bid to buy up some of the assetts, unnamed at this stage separate from the consortium holdings. RioCan owns Sunnybrook Plaza and the RioCan Leaside Centre at Eglinton Ave E and Laird Drive. CBC$4.4B hostile bid for Primaris shopping mall REIT
by •
The leader of the ambitious takeover is KingSett Capital which doesn’t have a very high public profile. But its got money and it has formed a consortium of Ontario and Qeubec interests to try to scoop up the Primaris Reit. Primaris is owner of among many other malls, the Eglinton Square Shopping Centre at Victoria Park Ave. and Eglinton Ave. E. The very high -profile RioCan Inc, owners of at least two properties in Leaside, has also agreed as part of any successful bid to buy up some of the assetts, unnamed at this stage separate from the consortium holdings. RioCan owns Sunnybrook Plaza and the RioCan Leaside Centre at Eglinton Ave E and Laird Drive. CBC