Norton Rose Fulbright, Gowling WLG, Goodmans, and Stikeman Elliott are leading the advisory efforts on a significant transaction involving InterRent Real Estate Investment Trust. The CA$2 billion take-private sale of InterRent will see the Canadian REIT being acquired by a newly formed entity, Carriage Hill Properties Acquisition Corp. This entity is owned by CLV Group and the Singapore sovereign wealth fund GIC. The deal offers a 35% premium to the unit holders, amounting to $13.55 in cash per unit based on InterRent’s closing price on the Toronto Stock Exchange on March 7.
The strategic acquisition highlights the strong collaboration between Canadian and international investment entities in the real estate sector. For further information on the transaction and the legal firms involved, refer to the detailed coverage on Law.com.