Alex Avery

990,114 square foot mall located on 76 acres of land in the Greater Toronto Area.

Primaris is raising $200 million in new equity while negotiating more than $1 billion in potential mall acquisitions. The financing adds capacity as the REIT continues buying major Canadian shopping centres from institutional owners and expanding its national portfolio.

At June 30, 2026, approximately 600,000 square feet of former HBC space was leased to high-quality tenants under long-term lease agreements with occupancy dates ranging from early 2027 to mid-2029.

Primaris has transformed into one of Canada’s most influential mall owners through acquisitions of dominant regional shopping centres.

Primaris REIT is repurposing former Hudson’s Bay stores, turning anchor closures into a strategy to reshape Canadian shopping centres.

“The quarter reflected strong leasing and operational execution across the portfolio.”

Primaris significantly augmented its portfolio in 2025 recycling capital with $1.6 billion of leading enclosed shopping centre acquisitions, and $400 million of non‑core dispositions.

Tenant demand across the Primaris portfolio is very strong including HBC space.

Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests in leading enclosed shopping centres located in growing Canadian markets.

Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests in leading enclosed shopping centres located in growing Canadian markets.

Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests in leading enclosed shopping centres located in growing Canadian markets.

Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests in leading enclosed shopping centres located in growing Canadian markets.