Primaris REIT Completes $411 Million Acquisition of Upper Canada Mall

Primaris REIT closed its $411 million cash acquisition of Upper Canada Mall in Newmarket, Ontario, on October 15, 2026. The REIT also agreed to sell its 50% managing interest in Cataraqui Centre in Kingston, Ontario, for $41.8 million. Closing is expected by January 6, 2027, with net proceeds earmarked for debt repayment and general trust purposes. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Primaris Real Estate Investment Trust published the original content used to generate this news brief via (Ref. ID: 20261015305992) on October 16, 2026, and is solely responsible for the information contained therein. (C)