RBC Exclusive: Advisory on $325m Primaris Acquisition Explained

RBC has played a pivotal role as advisors in the recent acquisition by Primaris Real Estate Investment Trust (REIT) of Les Galeries de la Capitale, a leading regional shopping center in Quebec City, for $325 million.

This strategic move involves a payment mix of $170 million in cash, approximately 2.5 million REIT Units valued at about $55 million, and $100 million in 6.25% exchangeable preferred units.

These preferred units can be