On July 7, 2005, the Redbourne Realty Fund was established by Canadian pension funds and other investors agreeing to invest $132 million in entities managed by the Redbourne Group, a major real estate investment and management organization. The Fund targets the acquisition of office and industrial properties in urban centres in Canada. On July 14, 2005, the Fund acquired the first 10 such properties for approximately $90 million.
The Redbourne Realty Fund was advised by Davies Ward Phillips & Vineberg LLP in Montreal with a team led by Robert Vineberg that included Pierre-André Themens and Sébastien Thériault (real estate), Brian Salpeter and Daniel Garant (corporate), Alan Shragie, Brian Bloom and Fred Purkey (tax) and Neil Kravitz and Sébastien Roy (securities).
A number of the investors were represented by Viateur Chénard (corporate and real estate) and Pierre Martel (tax) of Stikeman Elliott LLP in Montreal. GE Capital, one of the investors in the Fund, was represented by Fred Rubinoff of McCarthy Tétrault LLP in Toronto.
The vendors of the properties were represented by John Sullivan of McCarthys in Montreal. GE Capital provided the secured loan facility with respect to the purchase of these properties and was represented by Richard Clare, Lise Rochette and Isabelle Durand of Fasken Martineau DuMoulin LLP in Montreal.
The Redbourne Realty Fund was advised by Davies Ward Phillips & Vineberg LLP in Montreal with a team led by Robert Vineberg that included Pierre-André Themens and Sébastien Thériault (real estate), Brian Salpeter and Daniel Garant (corporate), Alan Shragie, Brian Bloom and Fred Purkey (tax) and Neil Kravitz and Sébastien Roy (securities).
A number of the investors were represented by Viateur Chénard (corporate and real estate) and Pierre Martel (tax) of Stikeman Elliott LLP in Montreal. GE Capital, one of the investors in the Fund, was represented by Fred Rubinoff of McCarthy Tétrault LLP in Toronto.
The vendors of the properties were represented by John Sullivan of McCarthys in Montreal. GE Capital provided the secured loan facility with respect to the purchase of these properties and was represented by Richard Clare, Lise Rochette and Isabelle Durand of Fasken Martineau DuMoulin LLP in Montreal.
