Davies

Gabriella Lombardi

Gabriella Lombardi is a partner in the Commercial Real Estate and Corporate/Commercial practices. She has significant experience in a broad range of transactions involving commercial property, including acquisitions, dispositions, development of major real estate projects, joint ventures, financings, real estate investment trusts and commercial leasing.

Gabriella has represented a number of major Canadian pension funds and other institutional investors with respect to direct acquisitions of commercial property and investments in limited partnerships formed for the purpose of acquiring office, retail, industrial and other types of property. She has also advised Ontario Lottery and Gaming Corporation with respect to the development and financing of Fallsview Casino and with respect to real estate matters relating to Casino Rama and Caesars Windsor.

Representative Work

  • Acted for Hydroméga Services Inc., as sponsor in partnership with the Dokis First Nation, and Okikendawt Hydro L.P., as borrower, in connection with the project financing of a 10 MW hydroelectric generating facility on the French River in the district of Parry Sound, Ontario.

  • Acted for Hydroméga Services Inc. in connection with a bridge financing and project financing provided by Sun Life Assurance Company of Canada for the development and construction of four hydro projects on the Kapuskasing River in Ontario developed in partnership with certain First Nations.

  • Acted for Norddeutsche Landesbank Girozentrale, New York Branch in connection with its financing on 9 MW of a combined 19 MW of solar power projects being developed via a joint venture between SunEdison, North America's largest solar energy services provider and SkyPower Corp., a major Canadian renewable energy developer. The 19 MW of solar projects are set to be completed by the end of 2009. The project, known as First Light, is the first project under the Ontario Renewable Energy Standard Offer Program to be project financed.

  • Acted for Norddeutsche Landesbank Girozentrale, New York Branch in the establishment of credit facilities for the acquisition, construction and operation by Starwood SSM1 Canada Incorporated of 22.352 MW DC solar power facilities in Sault Ste. Marie, Ontario.

  • Acted for Norddeutsche Landesbank Girozentrale, New York Branch, and KfW IPEX-Bank GmbH in connection with the establishment of credit facilities to finance the acquisition, construction and operation by Starwood SSM2 Canada Incorporated of 33.581 MW DC solar power facilities located in Sault Ste. Marie, Ontario.

  • Acted for Norddeutsche Landesbank Girozentrale, New York Branch in the establishment of credit facilities for the acquisition, construction and operation by Starwood SSM3 Canada L.P., of a 10 MW solar power facility in Sault Ste. Marie, Ontario.

  • Acted for The Manufacturers Life Insurance Company in connection with the establishment of credit facilities to finance the construction and long-term operations of the Val Caron Solar Project, a 10 MW ground-mount solar project near the City of Greater Sudbury, Ontario, which had been awarded a 20-year power purchase contract under Ontario's Feed-in Tariff Program.

  • Acted for Cominar Real Estate Investment Trust in connection with its $228-million acquisition of a portfolio of 11 office properties in the Greater Toronto Area and in Montréal from Redbourne Realty Fund.

  • Acted for The Manufacturers Life Insurance Company in connection with a $125.8 million project financing of the construction of the 18.9-MW hydroelectric generating facilities located near White River, Ontario.

  • Acted for a group of lenders, comprising The Manufacturers Life Insurance Company and Sun Life Assurance Company of Canada, in connection with the $135.2 million non-recourse construction and term project finance for the 60 MW nameplate capacity wind generation project located on McLean's Mountain, Manitoulin Island, Ontario.

  • Acted for a syndicate of underwriters co-led by CIBC World Markets Inc., TD Securities Inc. and Scotia Capital Inc. in connection with Crombie Real Estate Investment Trust's public offering of $225 million of subscription receipts and $75 million of extendible convertible debentures. The proceeds of the offering will be used to partially finance Crombie's $990 million purchase of a portfolio of 68 retail properties anchored by Safeway grocery stores in a sale-leaseback transaction with Sobeys Inc. in connection with Sobeys' $5.8 billion acquisition of the assets of Canada Safeway Limited.

  • Acted for Plazacorp Retail Properties Ltd. in connection with the credit facility provided by Royal Bank of Canada with respect to its negotiated takeover bid of KEYreit for approximately $119 million.

  • Acted for Stonebridge Financial Corporation in connection with project financing for the Alderville Solar Project in Central Ontario.

  • Acted for Plazacorp Retail Properties Ltd. in its negotiated takeover bid of KEYreit for approximately $119 million and graduation from the TSX Venture Exchange to the Toronto Stock Exchange. Plazacorp's bid for KEYreit defeated an unsolicited takeover bid for KEYreit by Huntingdon Capital Corp.

  • Acted for Commerz Real Investmentgesellschaft Gmbh, for the account of hausInvest, in connection with its extensive Canadian real estate portfolio, including the sale of Stampede Station (Phase I) to Artis Real Estate Investment Trust.

  • Acted as Canadian counsel for Najafi Companies in its acquisition of C International Income Fund (formerly Cinram International Income Fund). The transaction was implemented as a sale proceeding under the Companies' Creditors Arrangement Act (with recognition proceedings commenced under Chapter 15 of the United States Bankruptcy Code).

  • Acted for Holiday Canada ULC and funds managed by Fortress Investment Group in connection with the refinancing of $620 million of indebtedness secured on real estate assets located across Canada.

  • Acted for a syndicate of underwriters co-led by CIBC World Markets Inc. and Scotia Capital Inc. in a $67.1-million bought deal public offering of trust units of Crombie Real Estate Investment Trust.

  • Acted for a syndicate of underwriters led by Canaccord Genuity and National Bank Financial in connection with the $121-million initial public offering of HealthLease Properties Real Estate Investment Trust.

  • Acted for Canada Pension Plan Investment Board (CPPIB) in connection with its joint venture with the Westfield Group. CPPIB's equity investment is US$1.8 billion, representing a 45% interest in the joint venture.

  • Acted for AbitibiBowater Inc. (now known as Resolute Forest Products) in connection with the sale of its 75% indirect interest in ACH Limited Partnership, which owns 8 hydroelectric generating facilities in Ontario, in a transaction valued at $640 million.

  • Acted for George Weston Limited in connection with the acquisition of ACE Bakery Limited in a deal valued at $110 million.

  • Acted for a syndicate of underwriters co-led by CIBC World Markets Inc. and TD Securities Inc. with respect to a bought deal offering of units of Crombie Real Estate Investment Trust.

  • Acted as Canadian counsel for an affiliate of Apollo Global Management, a leading global alternative asset manager, in connection with the proposed acquisition of Cedar Fair LP, a publicly traded partnership and one of the largest regional amusement park operators in the world, in a transaction valued at approximately US$2.4 billion.

  • Acted for Postmedia Network Inc. in the acquisition of the publishing business of Canwest LP under a sale proceeding conducted pursuant to the Companies' Creditors Arrangement Act. The assets included the largest publisher of English-language newspapers in Canada as well as an extensive portfolio of digital media and online assets. The aggregate enterprise value of the assets was estimated to be $1.1 billion. Also acted throughout the CCAA proceedings for an Ad Hoc Committee of Noteholders, comprised of 18 investment funds, which held the majority of Canwest LP's outstanding indebtedness and which provided a $250-million equity commitment to permit the acquisition.

  • Acted for Ontario Lottery and Gaming Corporation in connection to various property agreements with entities controlled by the Chippewas of Mnjikaning First Nation relating to Casino Rama.

  • Acted for Barzel Industries Canada Inc. (formerly Novamerican Steel) in its cross-border restructuring proceedings involving independent proceedings under the Companies' Creditors Arrangement Act run in parallel concert with U.S. Chapter 11 proceedings for the U.S. parent company and U.S. subsidiaries and implementing a cross-border "stalking horse" sale agreement, cross-border bidding and auction process and closing of such sale within 65 days of the initial filing.

  • Acted as Canadian counsel to Tenedora Nemak, S.A. de C.V. (Nemak) with respect to its US$1.2 billion refinancing of existing debt in a transaction involving its creditors around the world.

  • Acted for FortisOntario Inc., a subsidiary of Fortis Inc., in its acquisition of the Great Lakes Power electric distribution business from Brookfield Renewable Power Inc. for a purchase price of approximately $75 million.

  • Acted for Canadian Storage Partners, ULC, a member of the TKG-StorageMart group of companies, in connection with its acquisition of InStorage REIT in a deal valued at $416 million. InStorage REIT owned and operated 57 self-storage facilities in Ontario, Québec, Alberta and Saskatchewan and is a joint-venture partner with respect to four additional self-storage facilities. The acquisition required the consent of lenders holding in excess of $275-million of loans.

  • Acted for a syndicate of underwriters co-led by CIBC World Markets Inc. and TD Securities Inc. in a $93-million bought deal public offering of subscription receipts and 7.0% extendible convertible unsecured subordinated debentures of Crombie Real Estate Investment Trust. The net proceeds from the offering were used by Crombie to satisfy a portion of the purchase price of its acquisition of a portfolio of 61 retail properties from subsidiaries of Empire Company Limited.

  • Acted for Glencore International AG in connection with the formation of its strategic partnership with Polymet Mining Corp., including a convertible loan to Polymet.

  • Acted for OPSEU Pension Trust Fund in connection with its acquisition of seven regional shopping centres in southwestern Ontario, together with approximately 350 acres of development lands in the Greater Toronto Area, from affiliates of Forecast Inc.

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Recognition

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  • Recognized as an up-and-coming lawyer in the area of Real Estate by Chambers Global: The World’s Leading Lawyers for Business.
  • Recognized by The Best Lawyers in Canada in the area of Real Estate law.

Professional Affiliations

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Canadian Bar Association

Board Memberships

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Community Involvement

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Teaching Engagements

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Speaking Engagements

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Articles and Publications

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Gabriella Lombardi
Gabriella Lombardi
Partner
Office:
Toronto
Tel:
416.367.6965
Email:
glombardi@dwpv.com
Bar Admissions:

Ontario, 1995

Education:

University of Western Ontario, LL.B., 1993

University of Toronto, B.A. (Honours) (with distinction), 1990