Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests primarily in the leading enclosed shopping centres in growing markets. The current portfolio totals 12.5 million square feet valued at approximately $3.9 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the Canadian retail property landscape

On December 31st, 2021, Primaris REIT was spun-off from H&R REIT through an non-taxable distribution of units.  Concurrent with the spin-off, Healthcare of Ontario Pension Plan (HOOPP) contributed 6 large format shopping centres in exchange for approximately 26% of the units of Primaris REIT.

As one of the largest owner-operators of enclosed shopping malls and retail properties across Canada, Primaris has an established reputation as a true retail partner. Our commitment to being a leading partner to retailers is evident in the strong relationships we have with our tenants, which has made us a preferred landlord partner.