Primaris Closes $411M Mall Acquisition, Agrees to Sell Cataraqui Stake for $41.8M
Primaris closed its cash acquisition of Upper Canada Mall on Oct. 15, 2026, and agreed to sell its 50% managing interest in Cataraqui Centre for $41.8 million. The sale is expected to close by Jan. 6, 2027, with proceeds intended for debt repayment and general purposes.
Primaris closed the cash acquisition of Upper Canada Mall for $411M on Oct. 15, 2026, and agreed to sell its 50% managing interest in Cataraqui Centre for $41.8M, with proceeds intended for debt repayment and general purposes. The sale is expected to close by Jan. 6, 2027.Material DetailsContext by…