KingSett and RioCan Real Estate Investment Trust To Acquire Sheppard Centre, Toronto
KingSett Capital, on behalf of its Real Estate Growth LP No. 4, announced today that it is acquiring Sheppard Centre, Toronto in a joint-venture with RioCan. Sheppard Centre is a 673,000 square foot urban mixed use centre located at the northeast corner of Yonge and Sheppard.
KingSett Capital is Canada's leading private equity real estate investment business co-investing with pension funds and high net worth individuals.
RioCan is Canada's largest real estate investment trust with a total capitalization of approximately $11.9 billion as at September 30, 2011.