#Latest news with #PrimarisREITBloomberg09-05-2025BusinessBloombergA $1.7 Billion Bet on Old Malls Is Pushing This Firm Past RivalsThe best returning real estate investment trust in Canada has made its money by offering the country's pension funds a way out of a type of property they don't want. And it's only getting started. Primaris Real Estate Investment Trust has hoovered up old malls since its creation in 2022, striking more than C$2.4 billion ($1.7 billion) in deals. It's in talks for properties worth about C$4 billion, according to Chief Executive Officer Alex Avery, betting that by buying even more malls it can achieve a scale that helps it revive the buildings and generate cash to snap up more.
Bloomberg09-05-2025BusinessBloombergA $1.7 Billion Bet on Old Malls Is Pushing This Firm Past RivalsThe best returning real estate investment trust in Canada has made its money by offering the country's pension funds a way out of a type of property they don't want. And it's only getting started. Primaris Real Estate Investment Trust has hoovered up old malls since its creation in 2022, striking more than C$2.4 billion ($1.7 billion) in deals. It's in talks for properties worth about C$4 billion, according to Chief Executive Officer Alex Avery, betting that by buying even more malls it can achieve a scale that helps it revive the buildings and generate cash to snap up more.
09-05-2025
