Northwire Canada EditionTuesday, August 25, 2026
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M&A / Property

InterRent receives final court OK for its acquisition

By The Northwire Desk — AI Analysis Aug 27, 2025 · 19:30 IIP · 13.30 InterRent Real Estate Investment Trust
IIP · Price

Executive Summary

  • InterRent Real Estate Investment Trust has obtained a final court order approving its plan of arrangement to be acquired by Carriage Hill Properties Acquisition Corp.
  • The acquisition involves a cash consideration of $13.55 per unit for all InterRent units, excluding those held by retained interest holders.
  • The transaction is expected to close in late 2025 or early 2026, following initial announcement in May 2025 and unitholder approval in August 2025.

Key Details

  • Transaction Structure: Statutory plan of arrangement under the Business Corporations Act (Ontario).
  • Acquirer: Carriage Hill Properties Acquisition Corp., a newly formed entity owned by CLV Group and GIC.
  • Consideration: $13.55 per unit in cash.
  • Scope: Acquisition of all units of InterRent Real Estate Investment Trust, excluding certain units held by retained interest holders.
  • Regulatory Approval: Final order obtained from the Ontario Superior Court of Justice (Commercial List).
  • Timeline:
    • Initially announced: May 27, 2025.
    • Unitholder approval: August 25, 2025.
    • Expected closing: Late 2025 or early 2026.

Notable Quotes

  • No direct quotes from executives were included in the provided text.
Read the original news release →

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M&A / Property