Simon Property Group, Calloway REIT and SmartCentres Acquire Site for Premium Outlet

Simon Property Group Inc., Calloway Real Estate Investment Trust and SmartCentres completed the acquisition of the site for the development of a second Premium Outlet Centre in Canada, to be located in Mirabel, Quebec. The project is a joint venture between Simon, Calloway and Penguin, with Simon having a 50 per cent interest and each of Calloway and SmartCentres having a 25 per cent interest.

The vendor of the site, MSG Lac Mirabel, SEC, a joint venture between Morgan Stanley Real Estate and Gordon Group Holdings, LLC, was represented by Davies Ward Phillips & Vineberg LLP in Montreal, with a team that included Joseph Jarjour, Michael Kandev and Fotini Gagaoudakis.

Simon was represented by Fred Rubinoff of Goodmans LLP, with assistance from Annie Gagnon-Larocque and Mathieu Laflamme of McCarthy Tétrault LLP in Montreal.

Calloway was represented by Osler, Hoskin & Harcourt LLP, with a team that included Rod Davidge, Nicole Cloutier, Christopher Main and Tim Watson.

SmartCentres was represented by in-house counsel Joseph Amato, and by Davies Ward Phillips & Vineberg LLP in Toronto, with a team that included Gregory Howard, Steven Martin, Matthew Singerman and Pawel Mielcarek, with assistance from Daniel Martin and Pierre Setlakwe of De Grandpré Chait LLP in Montreal.