“Impressive experience representing institutional investors and public utilities in a range of transactional matters.” (Client – Chambers Canada 2017)
Gabriella uses her understanding of the complexities of commercial real estate transactions to provide results-oriented solutions for clients, who rely on her clear and practical advice. They appreciate her “exceptional” service, along with her “focus and strength of character.” (Chambers Canada 2017)
Clients – including pension funds, private equity and public companies – turn to Gabriella for thorough and methodical advice. They regularly consult her on a broad range of major commercial real estate transactions, including acquisitions, dispositions, developments, joint ventures, financings and commercial leasing. Gabriella advises clients in diverse industries, including in the hospitality sector where she advises primarily on hotel properties and renewable energy projects such as development and financing.
Gabriella has a keen interest in emerging issues in commercial real estate and writes on topics related to new developments in the sector.
Woodbourne Canada Partners III (CA) LP
Acting for Woodbourne Canada Partners III (CA) LP in connection with its $180-million acquisition with Tridel Builders Inc. of the residential component of The Well from RioCan REIT, Allied Properties REIT and Diamondcorp.
Acted for Fortis Inc. and Fortis Properties Corporation (FPC) in connection with the sale by FPC of its hotel portfolio to a private investor group for $365 million. The hotel portfolio is comprised of 22 hotels located in seven Canadian provinces.
Acted for Fortis Inc. (Fortis) and Fortis Properties Corporation (FPC) in connection with the sale by FPC of its commercial real estate portfolio to Slate Office REIT for $430 million. The portfolio comprises 2.8 million square feet of leasable space located in Newfoundland, New Brunswick and Nova Scotia and includes the Delta Brunswick hotel in Saint John. Davies also acted for Fortis in connection with its related $35 million investment in trust units of Slate Office REIT.
The Cadillac Fairview Corporation Limited
Acted for The Cadillac Fairview Corporation Limited in connection with its $650-million purchase of the Hudson's Bay downtown Toronto flagship retail complex and the Simpson's Tower located at 401 Bay Street. HBC will lease the entire retail and office complex back for a base term of 25 years with renewal options for a term of just under 50 years.
Fortress Investment Group, LLC and Holiday Retirement
Acted for Fortress Investment Group, LLC and Holiday Retirement in connection with the sale of 29 Canadian senior living communities to Ventas, Inc.
Cominar Real Estate Investment Trust
Acted for Cominar Real Estate Investment Trust in connection with its $100.7-million acquisition of a portfolio of 14 mainly industrial and mixed-used properties in the Greater Toronto Area from Niagara Acquisition LP.
Hydroméga Services Inc.
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.
Manulife Financial Corporation and Sun Life Assurance Company of Canada
Acted for The Manufacturers Life Insurance Company and Sun Life Assurance Company of Canada in connection with the establishment of credit facilities to finance the construction and long-term operation of a 25-MW ground-mount solar project located near Fort Frances, Ontario. The project sponsor is a joint venture between the Rainy River First Nations and certain institutional and other investors. The project had been awarded a 20-year power purchase contract under Ontario's Feed-in Tariff Program, which included an aboriginal price adder as a result of the participation by the Rainy River First Nations.
Manulife Financial Corporation
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.
Cominar Real Estate Investment Trust
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.
Upcoming Changes to Ontario Land Transfer Tax Rates
Nov. 25, 2016 - The province of Ontario is proposing to increase land transfer tax rates with effect from January 1, 2017. The Building Ontario Up for Everyone Act (Budget Measures), 2016 received first reading on November 16, 2016 and is expected to come into force before the end of the year. For acquisitions...
New Record-Keeping Obligations for Ontario Corporations Are Coming
Nov. 04, 2016 - A year ago, the Ontario Legislature passed the Forfeited Corporate Property Act, 2015 and the Escheats Act, 2015. Both new statutes are scheduled to come into force on December 10, 2016. Despite the arcane subject matter of these new enactments – namely, the modernization of the dusty doctrines of...
Davies Acts for Leading Financial Institutions on the Air Canada Refinancing
Oct. 13, 2016 - Davies acted for a group of leading financial institutions in connection with the $1. 25-billion refinancing of Air Canada. The group included TD Securities Inc., as representative of the initial purchasers of $200 million of Air Canada’s 4. 75% senior secured notes due 2023, and JPMorgan Chase...
Couche-Tard Enters into Agreement to Acquire Imperial Oil Retail Assets in Ontario and Québec for $1.68 Billion
Mar. 09, 2016 - Davies is acting for Alimentation Couche-Tard Inc. (Couche-Tard), the leader in the Canadian convenience store industry, in connection with its $1. 68-billion acquisition of 279 Esso-branded fuel and convenience sites; 229 of which are located in Ontario and 50 are located in Québec. The...
Recent Developments in Ontario Real Estate
Feb. 26, 2016 - Ontario Court of Appeal Rules on Assignment of Lease by Tenant The Ontario Court of Appeal recently released its decision in Hudson’s Bay Company v. OMERS Realty Corporation, a case that involved the assignment and sublease of the tenant’s interest in anchor tenant leases at Yorkdale, Square...