Carttera buys majority stake in Portland Commons

In February 2020, Fasken acted for Carttera Management Inc. (“Carttera”) in connection with the formation of a limited partnership joint venture arrangement, the acquisition by the limited partnership of a site known as Portland Commons in Toronto and the development of a 530,000 square foot office tower on Portland Commons.  Carttera acquired a majority stake in Portland Commons.   Fasken advised on all matters relating to the acquisition, the structuring of the limited partnership, the limited partnership agreement, the shareholder’s agreement, the development management agreement and the asset management agreement. Fasken advised Carttera with a team comprised of Andrea Centa (Real Estate), Allyson Roy (Real Estate), Joanne Meadowcroft (Real Estate), Dan Fuke (Corporate) and Kelly Rowan (Corporate).