SmartCentres Doubles Ownership in SmartVMC City Centre, Becomes Largest Landowner in the Vaughan Metropolitan Centre. SmartLiving Set to Grow.

TORONTO, Nov. 30, 2021 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres” or the “REIT”) (TSX:SRU.UN), announces a $513 million strategic acquisition of a two-thirds interest in 53 acres (“Acquired Lands”), in ‘SmartVMC’, the 100+ acre master-planned City Centre in the Vaughan Metropolitan Centre. This more than doubles SmartCentres’ interest in SmartVMC, uniting ownership across the property and making SmartCentres the largest landowner in Vaughan’s dynamic TTC subway-connected Downtown. Read More