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Primaris completes year-end property sale in Calgary as it recycles capital to focus on malls

REIT sells open-air retail centre, medical office property for $154 million
Northland Village, a recently redeveloped, open-air centre in northwest Calgary, is anchored by Walmart, Winners, Best Buy, GoodLife, Dollarama and Spinelli Italian Centre Shop, a specialty grocery store and restaurant. (CoStar)
Northland Village, a recently redeveloped, open-air centre in northwest Calgary, is anchored by Walmart, Winners, Best Buy, GoodLife, Dollarama and Spinelli Italian Centre Shop, a specialty grocery store and restaurant. (CoStar)

Primaris Real Estate Investment Trust said it completed the sale of an open-air retail centre and adjoining medical office complex in Calgary as the trust continues to divest assets that are not core to its business.

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