Rester Management Acquires Interest in ELAD Canada Realty
36 sec read
A deal worth $508 million- That is what to expect once the binding agreement between Rester Management and ELAD Canada Realty comes to fruition.
The Montreal based company recently announced that they would be acquiring ELAD Group's interest in the subsidiary. ELAD Canada is a multi-billion dollar real estate development, investment and asset management company with properties across North America. With over 20 years of experience in the industry, the real estate conglomerate has been exploring potential options for several months before coming to a substantial agreement with Rester Management.
The Canadian sale will exclude assets valued at $262 million, including the highly anticipated Galleria on the Park retail development.
Read more about this multi-million dollar deal.
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