TSX:PMZ.UNRetail REITs
Québec City Site Expansion Through Complexes Capitale Acquisition Might Change The Case For Investing In Primaris Real Estate Investment Trust (TSX:PMZ.UN)
Immostar and Primaris Real Estate Investment Trust recently completed a C$63.0 million acquisition of the fully leased Complexes Capitale open-air retail centres adjacent to Les Galeries de la Capitale in Québec City, giving Primaris a 25% non-managing interest and expanding the combined site to about 122 acres.
This consolidation of the Galeries de la Capitale site enhances long-term development optionality around a high-traffic retail hub anchored by national tenants such as Rona, BMO,...