Montez Income Fund II Limited Partnership acquires Sears Canada Inc.'s interest in eight shopping centres in Quebec

Date Closed: 01/10/2014

Value: C$320 million

On January 10th, 2014, Montez Core Income Fund II Limited Partnership successfully completed its acquisition of Sears Canada Inc.’s interest in eight (8) shopping centres in the Province of Quebec representing 50% undivided interest thereof for a purchase price of approximately $ 320 Million.  The transaction involved multiple parties and stakeholders including Sears Canada, Westliff Management, and various lenders. For and on behalf of its long-term client, Montez, BLG was the quarterback in this complex transaction dealing with various parties with various interests. 

BLG acted as counsel to Montez Corporation/ Montez Core Income Fund II Limited Partnership with a team consisting of Morty Gross, Noella Milne, John Sullivan, Raphael Roditi and Xue Yan.