Primaris Management Inc.

Canada · Real Estate

Primaris REIT is a publicly traded real estate investment trust in Canada, specializing in enclosed shopping centres. The company owns and manages a portfolio of 38 properties, totaling approximately 13.4 million square feet, with a combined value of around $4.1 billion. Primaris focuses on mid-sized Canadian markets, where it holds a leading position in retail. The company operates a fully internal, vertically integrated management platform, allowing it to maintain strong operational control and achieve economies of scale. Primaris’ shopping centres feature a diverse mix of national and local retailers, providing a unique shopping experience for consumers. Founded in 2003 as Borealis Retail REIT, Primaris has a strong institutional backing, initially sponsored by the Ontario Municipal Employees Retirement System (OMERS). After a spin-off from H&R REIT in 2021, the Healthcare of Ontario Pension Plan (HOOPP) became a significant stakeholder, further solidifying Primaris' strategic position in the retail property landscape.