Cadillac Fairview acquired a 95% stake in the residential division of Lincoln Property Company.
Cadillac Fairview did not disclose the financial details of the acquisition.
Cadillac Fairview had acquired a 49% stake in Lincoln Residential in 2019, which it pushed to 95% now.
- The Toronto-based mall operator described the acquisition as a carefully executed transition.
- Cadillac Fairview plans to operate it as a separate business with no connection to Lincoln Property Company.
- Lincoln Residential claims to have completed over $1.5B in acquisitions and has over $2B under development.
