Axia Real Assets launches $560M hostile bid for Plaza Retail REIT

The Toronto-based fund offers $5.28 per unit for the mall owner, signaling renewed M&A appetite in the Canadian retail real estate sector.

By Handelsavisen Newsroom · Automated 2026-07-07 22:13 UTC · 1 min read

Axia Real Assets LP has initiated a hostile takeover bid for Plaza Retail Real Estate Investment Trust, offering $5.28 per unit for the Canadian mall operator.

The non-binding proposal values the transaction at approximately $560 million, marking a significant move in the consolidation of publicly traded retail real estate investment trusts (REITs).