InterRent Real Estate Investment Trust has entered into an arrangement agreement with Carriage Hill Properties Acquisition Corp., a newly formed entity owned by CLV Group and GIC, pursuant to which the purchaser will acquire InterRent in an all-cash deal valued at approximately C$4 billion, including the assumption of net debt. InterRent unitholders will receive C$13.55 per unit in cash. Following closing, InterRent will be de-listed from the TSX and it is expected that InterRent will apply to cease to be a reporting issuer.
The total equity value of the transaction is approximately C$2 billion on a fully diluted basis, and the total transaction value is approximately C$4 billion including the assumption of net debt. The agreement includes a Go-Shop period of 40 days.
For comments and feedback contact: editorial@rttnews.com
Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.