Sale of Promenades St-Bruno: Cadillac Fairview Completes a $565M Transaction with Primaris REIT

The Cadillac Fairview Corporation Limited (“CF”)  sold  Promenades St-Bruno Shopping Centre to the Primaris Real Estate Investment Trust (Primaris REIT) for $565 million.

Concluded on October 14, 2025, this marquis transaction represents one of the most significant commercial real estate deals of the year in Québec.

Owned, developed and operated by the CF group of companies since its opening in 1978, Promenades St-Bruno holds a central position in the Montérégie retail landscape. The complex features over one million square feet of gross leasable area and nearly 200 stores and services.

De Grandpré Chait is proud to have acted as Quebec Counsel for CF and Torys LLP, the lead counsel on the transaction, with a real estate law team composed of Fredric L. Carsley and Deirdra Corber, together with support from various members of the firm.

For further details, please consult the press release.