Primaris REIT (PMZ.UN-T) is coming off a strong first quarter, has been expanding its shopping centre portfolio, and has significantly increased its war chest for further acquisitions, CEO Alex Avery said during its May 2 quarterly financials call.
One of the country’s largest Asian-style shopping centres, the 340,000-square-foot King Square in the Toronto suburb of Markham, along with an adjacent development land parcel are being administered for sale by Ernst and Young under a court-ordered receivership process.
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