QUÉBEC CITY, QC, March 1, 2022
Cominar Investment Trust today announced the closing of the plan of arrangement transaction, pursuant to which all of Cominar’s issued and outstanding units (the “Units”) were acquired for $11.75 per Unit in cash by a consortium led by an affiliate of Canderel Management Inc., and including FrontFour Capital Group LLC,
Artis Real Estate Investment Trust (“Artis”), partnerships managed by Sandpiper Group, and Koch Real Estate Investments, LLC (“KREI”), with KREI and Artis also providing preferred equity (the
“Arrangement”).
As part of the Arrangement, an affiliate of Mach Capital Inc. acquired certain of the REIT’s office and retail properties.
