StocksMedium•30 September 2026•
1 min read
Primaris REIT to Acquire Upper Canada Mall for $411 Million
Key Facts
1Primaris REIT agreed to acquire a 100% interest in Upper Canada Mall in Newmarket, Ontario for $411 million in cash.
Primaris REIT agreed to acquire a 100% interest in Upper Canada Mall in Newmarket, Ontario for $411 million in cash. Business Wire reported that the acquisition is intended to drive income growth for the trust.
The acquisition aligns with the REIT's strategy to acquire market-leading enclosed shopping centres in growing Canadian markets. The property represents a significant asset expansion within the Greater Toronto Area.