Primaris
Company

Last deal

$500.M

Amount

Post-IPO Debt

Stage

08.08.2024

Date

1

all rounds

$500.M

Total amount

General

About Company
Primaris is a market leader in shopping centre management.

Industry

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founded date

01.01.2003

Number of employees

Company Type

For Profit

Last funding type

Post-IPO Debt

IPO status

Private

Description

The Canadian company, Primaris, manages a portfolio of 29 principal properties and several smaller properties, totaling 11.1 million SF of gross leaseable area. Their properties are located in 22 markets across seven provinces and are leased to over 950 tenants, with no single tenant group representing more than 6.9% of the aggregate annualized minimum rent. Primaris REIT is Canada's only enclosed shopping centre focused REIT, with ownership interests primarily in enclosed shopping centres that are dominant in their trade areas. The portfolio is valued at approximately $3.2 billion and is achieved through its fully internal, vertically integrated, full-service national management platform.
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