Loblaw To Form $7B Shopping Center REIT

Law360, New York (December 6, 2012, 2:30 PM EST) -- The supermarket retailer subsidiary of George Weston Ltd., Canada's largest food processing and distribution company, will form a real estate investment trust with initial assets of roughly CA$7 billion (US$ 7.1 billion), the retailer said Thursday.

Ontario-based Loblaw Cos. Ltd., a wholly owned subsidiary of George Weston, said it will sell units in the newly formed REIT through an initial public offering. The IPO is expected to be completed by mid-2013, subject to market conditions and Canadian regulatory approvals, Loblaw said.

The REIT will initially have...
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