Recent Experience
A privately held company, in the energy, mining and drilling sectors in connection with the negotiation with a reporting issuer of a limited partnership structure regarding royalty based subordinated debt financing required to facilitate funding of the expansion of existing operations with a value of $15 million
A privately held company, in the real estate investment industry connection with the implementation of a hotel venture arrangement and acquisition of a hotel and related senior debt financing and franchise agreement with Coast Hotels Limited with a value of $19.7 million
A syndicate of underwriters co-led by GMP Securities L.P. and National Bank Financial Inc. in connection with the $18 million marketed prospectus deal of units of NorthWest International Healthcare Properties REIT.
A syndicate of
underwriters led by Canaccord Genuity Corp., RBC Capital Markets and BMO
Nesbitt Burns Inc. in connection with a bought deal offering of $184 million of
subscription receipts of Pure Industrial Real Estate Trust (PIRET). Proceeds of
the offering will be applied toward the purchase by PIRET of a $358 million
portfolio of industrial properties from an affiliate of Slate Properties Inc.
Acquisition of 17 properties by a KingSett Capital-led consortium in connection with H&R Real Estate Investment Trust's acquisition of Primaris Retail Real Estate Investment Trust pursuant to a Plan of Arrangement. Bennett Jones acted for the consortium with respect to real estate and banking matters.
Acted for the Agents and the Bondholders in connection with the $350,000,000 senior secured bond financing secured by Fifth Avenue Place, Calgary, AB.
Acted on behalf of the Sellers of the Hys Centre medical office and residential tower in Edmonton for a purchase price of $53,000,000.00
Acting for Teachers Insurance and Annuity Association of America and Massachusetts Mutual Life Insurance Company, in connection with their $128 million term loan to a joint venture entity owned by Canderel Holdings and Wafra Investments to finance the building at 777 Bay Street.
Age Care Investments Limited, in connection with the $142.9 million sale of six senior long term care facilities in Alberta and British Columbia to Northern Property Real Estate Investment Trust.
Balboa Investment Inc. in connection with its acquisition of Tonko Realty Advisors Ltd. from Pyxis Real Estate Equities Inc.
Bank of Nova Scotia, in connection with a $95 million non-revolving
term credit facility to finance a retirement home.
Bank of Nova Scotia, in connection with Ontrea Inc. and the sale of
an office complex in Toronto to the Ontario Pension Board's
subsidiary, OPB Realty Inc.
Bank of Nova Scotia, in the sale of Scotia Centre's
Galleria in Regina.
Boart Longyear in connection with a private placement of $300,000,000 aggregate principal amount of 10% senior secured notes due 2018.
BPO Properties Limited, in connection with the $400 million Calgary
Law Courts project, a public-private partnership project.
Brookfield Properties in connection with the negotiation of lease with lead tenant for new Brookfield Place project in Calgary.
C2C Industrial Properties Inc., in its $226-million acquisition by Dundee Industrial REIT.
Canadian counsel to Cheung Kong (Holdings) Limited and Hutchison Whampoa Limited, in connection with a $84 billion (implied enterprise value) reorganization and combination of their respective businesses and the separation of their non- property and property businesses into two new Hong Kong-listed companies, CK Hutchison Holdings Limited and Cheung Kong Property Holdings Limited. The transaction also involved a transfer of approximately 6% percent of the shares of Husky Energy Inc.
CDP Capital Mortgages, as lender, in connection with the $83
million debt financing by secured notes provided by CDP Capital
Mortgages in the Borealis Retail REIT acquisition of Midtown Plaza
Shopping Centre, one of the largest real estate deals completed
year-to-date in Canada.
CHC International Inc., CHC Casinos Corporation, CHC Casinos Canada
Limited, and Casino Rama Services Inc., in connection with the
CHC's application as a proponent for the Ontario government's
proposed charity gaming clubs which were to be initiated throughout
the Province of Ontario.
CHC International Inc., CHC Casinos Corporation, CHC Casinos Canada
Limited, and Casino Rama Services Inc., in connection with the
development of Casino Rama.
CHC International Inc., CHC Casinos Corporation, CHC Casinos Canada
Limited, and Casino Rama Services Inc., in connection with the
expansion of the Casino Rama complex and a $225 million loan from
the Bank of Nova Scotia, which was used to fund costs incurred in
connection with the expansion.
CHC International Inc., CHC Casinos Corporation, CHC Casinos Canada
Limited, and Casino Rama Services Inc., in connection with a $160
million term credit facility with the Bank of Nova Scotia and
various other financial Institutions.
CIBC Capital Partners, in connection with a subordinated debt
financing of the acquisition of First Canadian Place, Toronto.
Counsel to Eimskip Atlas Canada, Inc., a wholly-owned subsidiary of Avion Group, and KingSett Real Estate Growth LP No. 2, in connection with Avion's $580 million acquisition of Atlas Cold Storage Income Trust, and with respect to structured real estate secured financing for the transaction which was provided by KingSett.
Counsel to Eimskip Holdings Inc., an indirect wholly owned subsidiary of Hf. Eimskipafelag Islands, in connection with its $1.2 billion acquisition of Versacold Income Fund.
Counsel to KingSett Real Estate Growth LP No. 3 as part of a joint venture with certain clients of Alberta Investments Management Corp. regarding its acquisition of ING Summit Industrial Fund LP and ING Real Estate Canada LP for an aggregate purchase price of approximately $2 billion.
Deerfoot Meadows Overpass Project, acted for the developer in
negotiating construction, use and funding agreements with the
Province of Alberta and the City of Calgary.
Falls Management Company, in connection with the project
development of the Niagara Gateway Casino Complex, including the
negotiation of a long-term casino concession with Ontario Lottery
and Gaming Corporation and a $700 million secured note offering.
First Place Tower Brookfield Properties Inc in connection with its $310 million first mortgage bond financing of First Canadian Place, Toronto.
Gibson Energy ULC, in the successful completion of its previously announced offering of US$560 million of secured notes due 2014.
Great-West Life Assurance Company, in connection with financing
$243 million secured by properties across Canada.
Gross Capital Inc., in connection with its $16.6 million purchase
of a mixed retail/office development municipally known as 130, 140,
150 and 2575 Ouellette Place, Windsor, Ontario, from Prime Rose
Inc.
Heritage Partners Retail Financing, in connection with its $400
million financing of Deerfoot Meadows.
Holloway Lodging Real Estate Investment Trust in connection with the implementation of its conversion from an income trust structure to a corporate structure by way of a plan of arrangement.
Holloway Lodging REIT in connection with its acquisition of a 90% interest in the Holiday Inn Express hotel located in Stellarton, Nova Scotia for a purchase price of $7.9 million.
JMB Realty Corporation, in connection with its acquisition of 100
percent of the Cadillac Fairview Corporation Limited for a total of
$2.6 billion.
Killam Properties Inc., in connection with a $57.5 million private
placement of convertible unsecured subordinated debentures due 2012
and common shares.
Killam Properties Inc., in connection with the private placement of
$10 million of convertible subordinated debentures.
Kings Place II Limited, with respect to the sale of Kings Place in
downtown Fredericton, New Brunswick, to Fortis Properties
Corporation, the real estate unit of Fortis Inc., for an
undisclosed amount.
KingSett Canadian Real Estate Income Fund LP, in connection with
its $55.1 million purchase by its general partner, KingSett
Canadian Real Estate Income Fund GP Inc. from Pacific International
Equities Corp. Inc.
KingSett Canadian Real Estate Income Fund LP in connection with its $312 million acquisition with Canadian Real Estate Investment Trust of the office complex known as Calgary Place, each as to a 50 per cent co-ownership interest.
KingSett Real Estate Growth LP No. 1, in connection with their $130
million sale of an Edmonton office complex known as Petroleum Plaze
to DEGI International.
KingSett Real Estate Growth LP No. 1, with respect to its sale of 30 and 55 St. Clair Avenue West, two separate mid-town Toronto office properties with a gross rentable area of approximately 440,000 square feet.
KingSett Real Estate Growth LP No. 5 in connection with the acquisition of 100 Alfred Kuehne Boulevard, Brampton, Ontario.
KingSett Real Estate Growth LP No.5 with the $99 million acquisition and financing of the Courtyard Marriot Hotel in downtown Toronto.
KingStreet Capital Partners, in the venture
acquisition of a $35-million portfolio.
KingStreet Real Estate Growth LP No. 2, in connection with its
acquisition of a 50 percent interest in four senior housing
projects in Ontario and British Columbia.
KingStreet Real Estate Growth LP No. 2, in connection with its
acquisition of a 90 percent interest in four senior housing
projects in a joint venture with Retirement Life Communities.
KingStreet Real Estate Growth LP No. 2, in connection with its
acquisition of a 91,000 square foot office building located in
Mississauga.
KingStreet Real Estate Growth LP No. 2, in connection with
purchases in design-build retail complex for an undisclosed amount
from Millstream Village Development Corporation.
KingStreet Real Estate Mortgage LP No. 1, regarding mezzanine
financing by KingStreet in connection with the portfolio sale of 47
properties by SMK Speedy International Inc. to Forum Leasehold
Partners Inc. for an undisclosed amount.
Matco Investments Ltd., managing partner of Penny Lane Development,
in connection with the sale of 33-1/3 percent interest in the Penny
Lane Shopping Centre to each of Alberta Investment Management and
SITQ for an undisclosed amount.
Metropolitan Life Insurance Company and The Great-West Life
Assurance Company, in respect of the issuance of $126 million first
mortgage bonds secured by a regional shopping center in British
Columbia.
Metrus Properties, in the development of a 1-million square foot Walmart Distribution Centre.
Niagara Acquisition LP (a joint venture between KingSett Real Estate Growth LP No. 3 and AimCo) in connection with the sale to Dundee Industrial Limited Partnership of a number of properties (comprising a portion of the ING Portfolio) for a sale price of $503.3 million.
Northern Vision Development Limited Partnership, in connection with
the $3 million offering of limited partnership units.
NUCRYST Pharmaceuticals Corp., in connection with the possible sale of all or substantially all of the assets of NUCRYST and the consideration of an amalgamation of the NUCRYST with 1499642 Alberta Ltd., a wholly-owned subsidiary of The Westaim Corporation.
OBS Group Holdings on the restructuring of its Skycourts Assets and related Sharia'a financing.
Ontario Teachers' Pension Plan Board, in connection with the issue by Ontrea Inc. of $600 million 5.70 percent series A debentures by way of a private placement and the first guarantee by a Canadian pension fund of a debt issue.
Ontario Teachers' Pension Plan, in connection with the
purchase by Ontrea Inc. and the Cadillac Fairview Corporation Ltd.,
the two principal real estate subsidiaries of the Ontario
Teachers' Pension Plan, of vacant lands of Canadian
Broadcasting Corporation.
Orlando Corporation, in the development of
corporate governance regime suitable to this private company.
Precision Castparts Corp., a worldwide manufacturer of complex metal components and products, in connection with its acquisition of all of the outstanding securities of Centra Industries, a leading manufacturer of complex aerostructure components for the world's major commercial and military aircraft programs, and the land used to operate the business of Centra Industries for an undisclosed price.
PricewaterhouseCoopers Inc., as Monitor of Poseidon Concepts Corp. in its cross-border Companies Creditors' Arrangement Act (”CCAA”) proceedings, including in its Court sanctioned role of taking proceedings against Poseidon's directors and auditors to recover additional funds for the estate.
Royal Host Inc. in connection with the approval at a special meeting of debenture holders of certain amendments to its Series C Debentures ($45.2 million outstanding), including the extension of the maturity date from September 30, 2013 to September 30, 2018, the increase of the annual interest rate by 1.25% from 6.25% to 7.50%, and the reduction of the conversion price from $4.87 to $3.50 for each common share of Royal Host.
SC Calgary Properties Limited Partnership and Aspen Properties
Ltd., in connection with its acquisition of 50 percent interest of
Scotia Centre from Bank of Nova Scotia Properties Inc. for
approximately $100 million.
Scotiabank, in a joint venture in respect of Scotia
Centre in Calgary.
Seasons Retirement Communities LP, in the acquisition of a portfolio of eight assisted living facilities in Alberta.
Stampede Station Development Corporation, in connection with the completion of the sale of Stampede Station, a new office building in Calgary.
TD Securities and Scotia Capital Markets, agents, in connection
with the $100 million MaRS Discovery District bond offering
secured by a Triple Net Lease.
TD Securities Inc., in connection with the issue by Brookfield
Properties Limited of $71 million First Mortgage Bonds secured by
the Bay-Wellington Tower, BCE Place, Toronto.
TD Securities Inc., in connection with the issue by Mercury Centre Limited Partnership of $97 million senior secured bonds financing Mercury Centre.
TD Securities Inc., the agent, in connection with BRR's Trust issue
of $127 million aggregate principal amount of senior secured bonds.
The bond purchasers, in connection with the offering and sale by
809062 Alberta Limited and ARCI Limited of $220 million aggregate
principle amount of 6.66 percent First Mortgage Bonds due December
8, 2008, pursuant to a Trust Deed dated as of December 8, 1998,
among 809062 Alberta Limited, ARCI Limited and TD Trust Company, as
trustee, secured by the property known as the Petro-Canada Centre
in Calgary, Alberta, which leases, under a "credit" lease, a
substantial part of the project.
The bondholders in connection with the private placement of $105 million first mortgage bonds issued to finance the acquisition of Oakville Place shopping centre.
The Government of Nunavut in connection with the procurement of new facilities at the Iqaluit International Airport under a public-private partnership model. The project will include a new terminal, combined services building and facility rehabilitation with a thirty year operating concession.
The Great-West Life Assurance Company, London Life Insurance
Company and The Canada Life Insurance Company, in connection with
approximately $240 million in acquisition financing to Calloway
REIT secured by shopping centers across Canada.
The Standard Life Assurance Company of Canada in connection with a $131,000,000 and $11,000,000 acquisition financing to OMERS Realty Corporation in respect of the Southcentre Regional Mall and Southcentre Executive Tower in Calgary.
The Standard Life Assurance Company of Canada in connection with a $53,000,000 acquisition financing to Artis REIT in respect of two industrial properties in Acheson industrial park, one in Edmonton and one in Calgary.
The Standard Life Assurance Company of Canada in connection with a $48,000,000 takeout financing (i.e. repay construction financing) to Brookfield Properties in respect of Bankers Court office tower in Calgary.
The Standard Life Assurance Company of Canada, in connection with a
first mortgage loan of $42 million relating to the Glenmore Centre
Business Park (Calgary, Alberta).
The Standard Life Assurance Company of Canada, the Great-West Life Assurance Company and The Toronto Dominion Bank in connection with a $153,000,000 acquisition financing to Primaris REIT in respect of Sunridge Mall in Calgary.
The syndicate of underwriters led by Canaccord Genuity Corp. in connection with Pure Industrial Real Estate Trust's public offering of trust units for gross proceeds of $69.7 million.
Toronto Waterfront Revitalization Corporation, in connection with
the ongoing development and redevelopment of approximately 300
hectares of parks and public spaces along Toronto's waterfront.
TriWest Capital Partners III, L.P. invested in Fraser River Pile & Dredge in partnership with Fraser River's senior management team and the existing Principals.
TrizecHahn Office Properties, in connection with the sale of
Bankers Hall, Calgary Place, CN Place and Canada Place.
Versacold International Corporation corporate reorganization and first lien, second lien and junior debt repayment in connection with the acquisition by Americold Realty Trust of Versacold International's warehouses and operations in the United States, Australia, New Zealand and Argentina.
Victoria Park Holdings, in connection with 843-unit high-rise
multi-family project.
Wachovia Corporation, formerly Congress Financial Corporation (Canada), the lender, in connection with the US$140.3 million purchase and sale transaction by CNL Income Properties Inc. and Intrawest Corporation of several retail and commercial properties at several Intrawest Resort Villages in Canada and the United States.
Bennett Jones