Canada’s restaurant chains are expanding while consumers trim visits, extras and delivery spending. The Q3 report examines whether new occasions and locations can support repeat demand and restaurant returns.
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.
The project will relocate the existing lower-level food court to the current Marché des Promenades location, allowing the former food court area to be converted into retail space.