Crombie Acquisition

Northam is pleased to announce the acquisition of a 50% interest in nine retail properties situated in the provinces of Ontario, British Columbia and Alberta for the Luxembourg based Northam Canadian Commercial Property Fund II - FCP-FIS.

The 405,158 sf portfolio is fully leased with major tenants that include Sobeys, Safeway, Shoppers Drug Mart, TD Bank and The Beer Store representing 96.8% of the portfolio and a weighted average lease term of 12-years.