Just over two months after entering an agreement with two other companies to buy into the Kanata Lakes Apartments, Halifax-based Killam Properties announced Tuesday the group is acquiring more of the west-end property.
Killam issued 3.8 million shares, raising more than $40 million and using the proceeds to purchase the Kanata property as well as holdings in Mississauga, London and Calgary.
Killam will team with an affiliate of KingSett Capital Inc. of Toronto and Alberta’s AIMCo Realty Investors LP to purchase Kuwait Finance House’s remaining 75 per cent interest of the Kanata Lakes Apartments.
(Sponsored)
SnowBall 2026: A premier networking event with purpose returns to 50 Sussex Dr.
As winter settles in across the capital, one of Ottawa’s most high-profile charitable and business networking events is set to return to its roots: On Wed., March 4, 2026, The
The story behind Glenview Homes’ 2025 GOHBA award-winning Reveli floor plan
When Glenview Homes’ Design and Drafting Manager Eno Reveli sat down to design a new production floor plan, he wasn’t thinking about awards or show homes. He was thinking about
Killam, which had owned 25 per cent of the Kanata property, will now own 50 per cent, with the other half split between the two other partners.
These purchases mark the end of Killam’s partnership with Kuwait Finance House. The deal is expected to be approved by mid-December.
