On April 19, 2017, Promenade General Partner Inc. (“Promenade”), the general partner of a partnership comprised of Serruya Private Equity and Liberty Development Corp., completed the purchase of Promenade Shopping Centre located in Thornhill, Ont., from The Cadillac Fairview Corp. Ltd. and Ontrea Inc. (“Cadillac Fairview”) as well as related financing from the Manufacturers Life Insurance Co. (“Manulife”). Promenade Shopping Centre serves as a hub for the Thornhill community with more than 150 stores and services and will be managed by Centrecorp Management Services Ltd.
Promenade was represented by Stikeman Elliott LLP with a team that included Mario Paura, Melissa Schyven, Kevin Chen, Teanna Lobo and Kim Newman.
Cadillac Fairview was represented by Torys LLP with a team that included David Dell and Christine Innes.
Manulife was represented by Bogart Robertson & Chu LLP with a team that included Brian Chu and Kendra Hilts.