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Artis Real Estate Investment Trust Units(AX-UN-T)

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Latest News

Artis REIT Announces Participation in Investor Group to Acquire Cominar REIT in All-Cash Transaction
Canada Newswire - Sun Oct 24, 2021
Canada Newswire
Sun Oct 24, 2021
WINNIPEG, MB , Oct. 24, 2021 /CNW/ - Artis Real Estate Investment Trust ("Artis" or the "REIT") (TSX: AX.UN) announced today that a consortium led by Canderel Real Estate Property Inc. and including Artis, partnerships managed by the Sandpiper Group, and FrontFour Capital Group LLC (the "Consortium") has, through a newly-formed entity, entered into an arrangement agreement to acquire Cominar Real Estate Investment Trust ("Cominar"), with Cominar unitholders, other than certain Cominar unitholders that are members of the Consortium, receiving consideration of $11.75 in cash per unit, (the "Transaction"). The Consortium intends to retain portions of Cominar's retail portfolio, as well as components of Cominar's office portfolio, and has entered into agreements to sell Cominar's industrial portfolio to Blackstone and a portfolio comprised of certain of Cominar's retail and office assets to the Group Mach. Koch Real Estate Investments, LLC, and Artis will also be providing preferred equity for the Transaction.
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Canadian Press - Mon Nov 30, 2020
Canadian Press
Mon Nov 30, 2020
TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:
Artis REIT reaches deal with private equity firm seeking changes, CEO to retire
Canadian Press - Mon Nov 30, 2020
Canadian Press
Mon Nov 30, 2020
WINNIPEG — Artis Real Estate Investment Trust says four trustees have tendered their resignations and both its chief executive officer and chief financial officer will retire as part of a deal reached with private equity firm Sandpiper Group which sought changes at the trust.

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