09:44 AM EDT, 10/10/2025 (MT Newswires) -- Primaris Real Estate Investment Trust (PMZ-UN.TO) on Friday closed its previously announced public offering of trust units of Primaris on a bought-deal basis, raising $147.5 million.

A statement noted the offering consisted of the issuance of 10-million units at $14.75 apiece. The Trust will deliver proceeds of the offering to Cadillac Fairview in connection with the closing of the acquisition of Promenades St-Bruno in Montreal, Quebec.

The company said it also granted the underwriters an over-allotment option to buy up to an additional near 1.45-million units on the same terms and conditions, exercisable at any time, in whole or in part, up to 30 days after the date hereof.

Shares of the company were last seen down 0.15% to $14.72 on the Toronto Stock Exchange.

Price: 14.72, Change: -0.02, Percent Change: -0.14