Primaris REIT Announces Closing of $565 Million Acquisition of Promenades St-Bruno

Core Insights - Primaris Real Estate Investment Trust has successfully completed the acquisition of a 100% interest in Promenades St-Bruno located in Montreal, Quebec [1] - The acquisition was finalized on October 10, 2025, following the announcement made on October 6, 2025 [1] - The total consideration for the acquisition amounted to $565.0 million [1] Company Summary - Primaris Real Estate Investment Trust is actively expanding its portfolio through strategic acquisitions [1] - The acquisition of Promenades St-Bruno reflects the company's commitment to enhancing its real estate holdings in key markets [1] Industry Context - The transaction highlights ongoing investment activity within the real estate sector, particularly in retail properties [1] - The successful closing of this acquisition indicates a favorable environment for real estate investments in Canada [1]