Mall purchase set to finalize

The Medicine Hat Mall is expected to change hands once again today as a mega merger of Canadian real estate companies is set to close.

Last week, unit-holders in Primaris Real Estate Income Trust, which purchased the local shopping centre in early February, approved a threeway merger that will see some of its properties taken over by H&R and others go to Kingsett Capital.

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Leon’s, Brick will merge but furniture giant will retain Edmonton base

EDMONTON – Senior executives gave more details Monday about the surprise $700-million purchase of Edmonton’s The Brick furniture and appliance chain by rival Leon’s Furniture.

With American retail giants such as Walmart and Target threatening their share of the marketplace, the two Canadian companies announced a deal that would see Leon’s take ownership of The Brick but operate the two under separate banners.

Read more: http://tinyurl.com/b68hyu4