OVERVIEW & EXPERTISE

 

Canadian and international investors need timely, expert advice in the acquisition and disposition of major real property assets. This is especially the case when multiple parties are involved on either the buyer or the seller side and knowledge of the intricacies of real estate joint venture arrangements is essential.

Blakes has acted for clients in acquiring and disposing of some of Canada’s most complex and challenging real estate projects. Many of these were purchased or sold by joint venture groups, or involved the purchase or sale of an undivided interest in the property, thereby giving rise to a new joint venture. We provide advice on the structuring of joint venture vehicles and on the numerous, intricate contractual provisions that govern joint venture relationships.

The purchase or sale of real property also involves a complicated array of other activities, including the negotiation of a detailed agreement of purchase and sale, and conducting, or responding to, a complex array of due diligence investigations. These include the examination of title and related matters, review of leases and mortgages, analysis of contractual rights and obligations, and developing strategies based upon such review. Blakes Real Estate lawyers are experts at conducting and coordinating these myriad activities and providing synthesized, focused advice to clients.


Representative Matters

Significant recent transactions include advising:

  • Public Works and Government Services Canada C$1.4-billion sale and leaseback of seven federal government office buildings in major cities across Canada.
  • Bell Canada and Rogers Communications C$1.3-billion purchase of a 75 per cent interest in Maple Leaf Sports and Entertainment.
  • Deka Immobilien Global approximately C$400-million sale of Bentall V, a 33-storey class AAA office building located in downtown Vancouver, B.C.
  • Ontario Pension Board C$370-million purchase of Erin Mills Town Centre, a prominent enclosed regional shopping centre located in Mississauga, Ontario.
  • Bentall Kennedy LP purchase of Canadian Western Bank Place and the Enbridge Tower, 28- and 20-storey office buildings in downtown Edmonton, Alberta.
  • Ontario Pension Board C$300-million purchase of a 50 per cent interest in the RBC Centre, a 41-storey class AAA Toronto office building, and negotiation of a joint venture arrangement with Ontrea Inc.
  • KanAm Grund Kapitalanlagegesellschaft mbH C$250-million two-step acquisition of the Nun’s Island office complex, a five-building office property in Montréal that comprises the new corporate headquarters of Bell Canada.
  • Ontario Pension Board C$264.5-million purchase of a 50 per cent interest in Southgate Centre, a prominent enclosed regional shopping centre located in Edmonton, Alberta, and negotiation of a joint venture arrangement with Ivanhoe Cambridge.
  • Great-West Life Assurance Company and London Life Insurance Company C$178-million sale of a 50 per cent interest in Gulf Canada Square, a class A office building in downtown Calgary, Alberta.
  • Healthcare of Ontario Pension Plan C$140-million purchase of Lansdowne Place, a two-level enclosed regional shopping centre in Peterborough, Ontario.
  • C$108-million sale by a Middle Eastern pension fund of Hazelton Lanes, a landmark upscale retail centre located in Toronto’s Yorkville shopping district.
  • C$100-million purchase by a major Canadian pension fund of a 50 per cent interest 1981 McGill College Avenue, a two-tower office complex in downtown Montréal.
  • 2020 University GP Inc. C$95.4-million sale of 2020 University Street, a 26-storey class A office building in downtown Montréal.
  • WestLB AG and Alvarez & Marsal Canada ULC sale of the assets and undertaking of The Rosseau Resort Developments Inc., the developer of a luxury hotel and condominium complex located on Lake Rosseau in Ontario’s cottage country.
  • 1542775 Alberta Ltd. C$58-million purchase of the Ashby and Brighton Apartments, a low-rise multi-unit residential complex located in Edmonton, Alberta.
  • Great-West Life Assurance Company and London Life Insurance Company C$56.8-million sale of Queensway Corporate Centre, a three-building suburban office complex in Ottawa, Ontario.
  • Great-West Life Assurance Company, London Life Insurance Company and Canada Life Assurance Company C$54.9-million purchase of the AirFreight and Logistics Centre, a five-building, class A multi-tenant air cargo and air freight industrial complex located near Calgary International Airport.
 

 PEOPLE

 
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Associate | Vancouver
Vancouver: 604-631-3385
Areas of Expertise: Acquisitions, Dispositions & Joint Ventures, Leasing, Real Estate Financing
Associate | Montréal
Montréal: 514-982-4118
Areas of Expertise: Energy, Commercial Real Estate, Acquisitions, Dispositions & Joint Ventures, Environmental Assessment & Approvals
Associate | Montréal
Montréal: 514-982-4043
Areas of Expertise: Acquisitions, Dispositions & Joint Ventures, Leasing
Partner | Calgary
Calgary: 403-260-9634
Areas of Expertise: Commercial Real Estate, Hospitality & Leisure, Acquisitions, Dispositions & Joint Ventures, Real Estate Financing
Associate | Toronto
Toronto: 416-863-3199
Areas of Expertise: Commercial Real Estate, Leasing, Acquisitions, Dispositions & Joint Ventures, Development, Real Estate Financing, Gaming
Partner | Montréal
Montréal: 514-982-4089
Areas of Expertise: Commercial Real Estate, Corporate & Commercial, Mining, Plan Nord, Acquisitions, Dispositions & Joint Ventures, Leasing, Mining Streaming & Royalties
Partner | Toronto
Toronto: 416-863-4025
Areas of Expertise: Leasing, Acquisitions, Dispositions & Joint Ventures
Partner | Toronto
Toronto: 416-863-2758
Areas of Expertise: Real Estate Financing, Acquisitions, Dispositions & Joint Ventures, Pension Funds Investment, Investment Funds, Investment Vehicles
Partner | Toronto
Toronto: 416-863-2219
Areas of Expertise: Acquisitions, Dispositions & Joint Ventures, Leasing, Real Estate Financing, Corporate & Commercial, Mining, Power, Construction, Development, Mining Lending, Mining Streaming & Royalties
Associate | Vancouver
Vancouver: 604-631-4151
Areas of Expertise: Acquisitions, Dispositions & Joint Ventures, Development, Real Estate Financing
Partner | Montréal
Montréal: 514-982-5090
Areas of Expertise: Corporate & Commercial, Debt Finance & Lending, Acquisitions, Dispositions & Joint Ventures, Real Estate Financing, Private Equity, Banking, Pension Funds Investment, Investment Funds, Investment Vehicles
Partner | Toronto
Toronto: 416-863-2789
Areas of Expertise: Acquisitions, Dispositions & Joint Ventures, Development, Real Estate Financing, Leasing, Asset-Based Finance, Restructuring & Insolvency, REITs, Gaming, Infrastructure, Banking, Renewables (Wind, Solar, Hydro & CleanTech)
Associate | Toronto
Toronto: 416-863-2266
Areas of Expertise: Real Estate Financing, Acquisitions, Dispositions & Joint Ventures
Partner | Calgary
Calgary: 403-260-9773
Areas of Expertise: Acquisitions, Dispositions & Joint Ventures, Development, Real Estate Financing, Leasing, Municipal & Planning
Partner | Vancouver
Vancouver: 604-631-3386
Areas of Expertise: Commercial Real Estate, Infrastructure, Acquisitions, Dispositions & Joint Ventures, Public-Private Partnerships, Mergers & Acquisitions, Procurement, Construction, REITs, Pension Funds Investment, Investment Funds, Investment Vehicles, LNG
Law Clerk | Montréal
Montréal: 514-982-5031
Areas of Expertise: Acquisitions, Dispositions & Joint Ventures, Real Estate Financing, Leasing, Development, Debt Finance & Lending, Project Finance
Associate | Calgary
Calgary: 403-260-9759
Areas of Expertise: Acquisitions, Dispositions & Joint Ventures, Real Estate Financing, Leasing, Public-Private Partnerships
Partner | Toronto
Toronto: 416-863-4333
Areas of Expertise: Commercial Real Estate, Financial Services, Hospitality & Leisure, Infrastructure, Food, Beverage & Agribusiness, Acquisitions, Dispositions & Joint Ventures, Europe, United States, Pension Funds Investment, Investment Funds, Investment Vehicles
Notary | Montréal
Montréal: 514-982-5062
Areas of Expertise: Acquisitions, Dispositions & Joint Ventures
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