George Weston Commits $600M Equity to Choice REIT

George Weston Limited has committed to acquire Choice Properties REIT, a real estate services other business in Canada, for a $600 million equity investment. George Weston Limited acquisitions focus on supporting Choice Properties REIT acquisition plans for real estate services M&A, as Choice Properties is expected to buy approximately $5.0 billion of assets from First Capital REIT. Choice Properties REIT operates as a Canadian REIT managing income-producing real estate, and the George Weston Limited acquires Choice Properties REIT strategic acquisition is intended to enhance portfolio quality and long-term cash flow growth. The strategic acquisition is announced and expected to be financed through about $1.7 billion of new equity plus debt, with George Weston Limited funding its commitment at closing and receiving about 38.0 million trust units.