The former Hudson's Bay store at Windsor's Devonshire Mall, which opened as a standalone Simpsons department store in 1974 and featured The Room fashion concept, will be demolished following its acquisition by Primaris REIT.
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Primaris REIT has acquired CF Lime Ridge Mall in Hamilton for $416 million from Cadillac Fairview. The deal boosts the REIT's national footprint and unlocks leasing opportunities.
Primaris REIT gains control of five disclaimed Hudson’s Bay stores, unlocking redevelopment potential and transforming over 500,000 sq. ft. of retail space.
Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests primarily in leading enclosed shopping centres located in growing mid-sized markets. The current portfolio totals 13.4 million square feet valued at approximately $4.1 billion at Primaris’ share