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How Choice Properties and KingSett could split First Capital's real estate

Both necessity-based and high-street retail centres are in play as part of $9.4 billion deal
The Carre Lucerne shopping centre in the Montreal borough of Mount Royal has been sold as part of Choice Properties and KingSett's acquisition of the First Capital portfolio. (CoStar)
The Carre Lucerne shopping centre in the Montreal borough of Mount Royal has been sold as part of Choice Properties and KingSett's acquisition of the First Capital portfolio. (CoStar)

One of Canada’s wealthiest families is backing a major real estate deal that could split First Capital REIT's holdings between high-street retail and grocery-anchored property across the country.

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