On October 1, 2024, Granite Real Estate Investment Trust (“Granite REIT”) and Granite REIT Inc. (“Granite GP”) (collectively, “Granite”) announced that Granite completed a court-approved plan of arrangement under the Business Corporations Act (British Columbia) to replace Granite’s stapled unit structure with a conventional REIT trust unit structure.
Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns 143 investment properties representing approximately 63.3 million square feet of gross leasable area.
Granite was represented by its Executive Vice President, General Counsel and Corporate Secretary, Lawrence Clarfield and by Blake, Cassels & Graydon LLP with a team that included Jeff Lloyd, Brendan Reay, Jeremy Ozier, Sabrina Radia-Bramwell, Sukaina Savoie and Russell Johnson (Corporate/Securities); Elizabeth Boyd (Benefits); Sean Boyle and Isaias Loten (Litigation); Kyle Misewich and Kai Duchnycz (BC Corporate/Securities); Jennifer Hancock, Kevin Dowse and David Szczurko (Financial Services); and Aaron Palmer (Derivatives); and by Davies Ward Phillips & Vineberg LLP with respect to tax matters, with a team that included Neal Armstrong, Zachary Kling and Jennifer Lee; and by Paul, Weiss, Rifkind, Wharton & Garrison LLP with respect to US matters, with a team that included Christopher J. Cummings, Steve Centa and Tina Vulevic.
