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H&R REIT buys Peter Pond Mall in Fort McMurray, Alta., for $168.5 million

TORONTO – H&R Real Estate Investment Trust (TSX:HR.UN) said Thursday that it has signed a deal to buy the Peter Pond Mall in Fort McMurray, Alta., for $168.5 million.

The trust said the deal is expected to close July 3.

H&R also said it has secured a $300-million financing secured by the Bow office tower in Calgary.

The trust holds a portfolio of 40 office, 112 industrial and 163 retail properties.