Primaris REIT Announces Closing of Upper Canada Mall; $41.8 Million Disposition

TORONTO–(BUSINESS WIRE)–Primaris Real Estate Investment Trust (“Primaris” or the “REIT”) (TSX: PMZ.UN) announced the closing of the acquisition of Upper Canada Mall in Newmarket, Ontario, which was previously announced on September 30, 2026 (the “Acquisition”), and that it has agreed to sell its 50% managing interest in Cataraqui Centre in Kingston, Ontario, for $41.8 million (the “Disposition”). The Acquisition, which was subject to customary closing conditions, all of which have been fulfil

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