Pawel (Paul) Mielcarek

Partner

Pawel (Paul) Mielcarek

Pawel (Paul) Mielcarek

Partner

Bar Admissions
  • Ontario, 2011

Known for his efficiency and strong business sense, Pawel assists clients with their complex transactions.

Pawel acts on commercial real estate and financing transactions, joint ventures, acquisitions and dispositions, development projects, commercial leasing and renewable energy projects. He provides detailed and thoughtful advice to financial institutions as well as large real estate developers and investors in Ontario and across Canada. Pawel also works for pension fund clients, REITs and other institutional investors.

Pawel is a member of the Toronto Student Committee.

Pawel (Paul) Mielcarek

Partner

Known for his efficiency and strong business sense, Pawel assists clients with their complex transactions.

Pawel acts on commercial real estate and financing transactions, joint ventures, acquisitions and dispositions, development projects, commercial leasing and renewable energy projects. He provides detailed and thoughtful advice to financial institutions as well as large real estate developers and investors in Ontario and across Canada. Pawel also works for pension fund clients, REITs and other institutional investors.

Pawel is a member of the Toronto Student Committee.

Oxford Properties Group

Acting for Oxford Properties Group in the redevelopment of Canada Square, a mixed-use development project located on the southwest quadrant of Yonge Street and Eglinton Avenue.

SmartCentres REIT

Acting for SmartCentres REIT in the formation of multiple joint ventures with SmartStop Self Storage REIT, Inc. and its affiliates for the development and financing of self-storage facilities to be operated under the SmartStop brand across Canada.

SmartCentres REIT and the Penguin Group of Companies

Acting for Penguin Investments Inc. in connection with the multi-billion dollar development of the Vaughan Metropolitan Centre - a planned downtown for the City of Vaughan of almost 6 million square feet. This is one of the most important master planned communities in Canada - a transit-rich, high-density, fully urban, mixed-use community being built in the suburbs of Toronto.

Major Canadian institutional investor

Acted for a major Canadian institutional investor in the formation of thirty one joint ventures with various developers for the development of condos, multi-family rented, industrial, warehouses, and data centre projects across Canada.

Oxford Properties Group and Canada Pension Plan Investment Board

Acted for Oxford Properties Group and Canada Pension Plan Investment Board in its C$325-million sale of Les Galeries de le Capitale, a super regional enclosed shopping centre located in Quebec City, to Primaris Real Estate Investment Trust. 

Spear Street Capital

Acted for Spear Street Capital in its joint venture with First Gulf Corporation to redevelop the Sheridan Research Park in Mississauga, Ontario into The Core, a first of its kind life sciences campus.

PSP Investments

Acted for PSP Investments in the sale of its interest in an industrial property located at 7900 Airport Road in Brampton, Ontario, to Unilever Canada Inc.

TAS

Acted for TAS in the joint venture with Woodbourne Capital to develop a 1-million square foot mixed-use campus in downtown Toronto, the contribution of the property to the joint venture and TAS/Woodbourne's C$115.2-million financing from QuadReal Property Group.

Spear Street Capital

Acted for Spear Street Capital in the acquisition of 929 Granville Street, a six-storey office building in the Granville Entertainment District of Vancouver, British Columbia.

Spear Street Capital

Acted for Spear Street Capital in the acquisition of 510 West Hastings, a 120,000-square-foot office tower in Vancouver, British Columbia.

SmartREIT

Acted for SmartREIT in its $1.1-billion acquisition with Strathallen Acquisitions Inc. of OneREIT.

Ivanhoé Cambridge

Acted for Ivanhoé Cambridge in connection with its development of an integrated multi-tower office complex/public transit hub development straddling both sides of Toronto's Union Station rail corridor. A highly visible pair of innovative office towers on a 3 million square foot downtown campus, Bay Park Centre is the result of a joint effort between global real estate leaders Ivanhoé Cambridge and Hines.

Canada Pension Plan Investment Board

Acted for the Canada Pension Plan Investment Board in its $1.175-billion acquisition of a 50% interest in Canadian office portfolio from Oxford Properties Group. 

Mitchell Goldhar, SmartCentres and Walmart

Acted for Mitchell Goldhar, SmartCentres and Walmart in connection with the sale of the SmartCentres platform to Calloway REIT for $1.16 billion.

Wal-Mart Canada Realty Inc. and SmartCentres Realty Inc.

Acted for Wal-Mart Canada Realty Inc. and SmartCentres Realty Inc. in connection with the sale of one shopping centre located in Ontario and one shopping centre located in British Columbia to Retrocom Real Estate Investment Trust and its affiliates for approximately $61 million.

Fortis Inc.

Acted for Fortis Inc. and Fortis Properties Corporation (FPC) in connection with the sale by FPC of its commercial real estate portfolio to Slate Office REIT for $430 million. The portfolio comprises of 2.8 million square feet of leasable space located in Newfoundland, New Brunswick and Nova Scotia and includes the Delta Brunswick hotel in Saint John.

Spear Street Capital, LLC

Acted for Spear Street Capital, LLC in connection with its $305-million purchase of the majority of BlackBerry Limited's real estate holdings in Canada, including its global headquarters in Waterloo, Ontario. BlackBerry sold more than 3 million square feet of space as well as vacant lands, and leased back a portion of the space.

The Cadillac Fairview Corporation Limited

Acted for The Cadillac Fairview Corporation Limited in connection with its $650-million purchase of the Hudson's Bay downtown Toronto flagship retail complex and the Simpson's Tower located at 401 Bay Street.

Umicore SA

Acted for Umicore SA/NV, a circular materials technology company headquartered in Belgium, in the development and construction of a first-of-its kind EV battery materials manufacturing plant in Loyalist Township, Ontario, that will be 100% fuelled by renewable energy from the start of production. This project won Infrastructure Deal of the Year at the 2024 Canadian Law Awards. 

TAS

Acted for TAS in its joint venture with LaSalle Canada Property Fund to deploy C$120 million in capital into improving acquired properties' energy efficiency and reduce carbon footprints.

SmartCentres REIT

Acted for SmartCentres REIT in the formation of a joint venture with Greenwin Inc. for the acquisition of a 1.15-acre site on Balliol Street in the Yonge and Davisville neighbourhood of Toronto, Ontario for the development of a high-rise, mixed-use rental property.

SmartCentres REIT

Acted for SmartCentres REIT in a 50/50 joint venture with Selection Group (formerly Réseau Sélection) to develop a mixed-use complex at SmartCentres' Laurentian Place shopping centre at the corner of Baseline Road and Clyde Avenue in Ottawa, Ontario.

SmartCentres REIT

Acting for SmartCentres REIT in the formation of a joint venture with Greenwin Inc. for the purchase and development of a 7.8-acre lakefront property in Barrie, Ontario, which is planned to be a multi-phase rental apartment community comprising over 2,000 units.

PSP Investments

Acted as lead counsel for PSP Investments in (i) its sale to TCorp of a 49% undivided ownership interest in eight hydroelectric generating facilities located on the Abitibi, Seine, Rainy and Winnipeg rivers in the province of Ontario and the Raft Lake, Kettle Falls and Squirrel Falls control dams and 140 km of transmission lines and control systems for these generating facilities, and (ii) the negotiation of the management and co-ownership agreements between the partners.

Manulife Financial Corporation

Acted for the Manufacturers Life Insurance Company in connection with the establishment of a $50-million multi-tranche term credit facility to finance the construction and long-term operations of the Rural Energy Solar Portfolio, which consists of 10 photovoltaic ground-mount solar projects located in Temiskaming, New Liskeard and Kingston, Ontario, and is owned by Rural Energy Limited Partnership.

The Manufacturers Life Insurance Company

Acted for The Manufacturers Life Insurance Company in its acquisition of a 50% interest in the York Energy Centre, a 400 MW natural gas fired power plant near Newmarket, Ontario.

Spear Street Capital, LLC

Acted for Spear Street Capital, LLC in the acquisition of Willingdon Park, an 489,000 square foot office park comprising five Class A/AAA office buildings in Burnaby, B.C., from HOOPP Realty Inc. for $179.4 million, which was marked the largest office deal of the first half of 2018 in British Columbia.

United Steelworkers Local 8782

Acted for United Steelworkers Local 8782, a limited partner of Legacy Lands Limited Partnership (the Partnership), with respect to the sale of approximately 3,000 acres of land beneficially owned by the Partnership in Hamilton and Nanticoke, Ontario on which Stelco Inc. conducts its manufacturing operations. Stelco granted a $114 million vendor take back mortgage to the Limited Partnership for the purchase price to be used to fund pension and other post-employment benefits to retirees of Stelco.

SmartCentres REIT

Acted for SmartCentres REIT in the formation of a 50:50 joint venture with Jadco Construction, known as Laval Centre Apartments Limited Partnership, into which SmartCentres contributed development lands located in Laval, Quebec.

United Steelworkers Union

Acted as co-counsel on behalf of the United Steelworkers Union in connection with the restructuring of Stelco Inc. under the Companies' Creditors Arrangement Act and the establishment of Legacy Lands L.P.

Fortis Inc.

Acted for Fortis Inc. and Fortis Properties Corporation (FPC) in connection with the sale by FPC of its hotel portfolio to a private investor group for $365 million. The hotel portfolio is comprised of 22 hotels located in seven Canadian provinces.

Canada Pension Plan Investment Board

Acted for the Canada Pension Plan Investment Board in connection with its joint venture with WAM Development Group and Walton Group of Companies to develop a 250-acre industrial site in northwest Edmonton, Alberta. CPPIB's initial equity commitment is approximately $200 million for phase one of the development, representing an 85% interest in the joint venture.

Manulife Financial Corporation

Acted for The Manufacturers Life Insurance Company in connection with the establishment of credit facilities to finance the construction and long-term operations of the Mighty Solar Project, a 10 MW ground-mount solar project located in Chesterville, Ontario, which had been awarded a 20-year power purchase contract under Ontario's Feed-in Tariff Program.

Wal-Mart Canada Realty Inc. and SmartCentres Realty Inc.

Acted for Wal-Mart Canada Realty Inc. and SmartCentres Realty Inc. in connection with the sale of four shopping centres located in Ontario to Calloway Real Estate Investment Trust and its affiliates for approximately $232 million.

Manulife Financial Corporation and Sun Life Assurance Company of Canada

Acted for a group of lenders, comprising The Manufacturers Life Insurance Company and Sun Life Assurance Company of Canada, in connection with the $135.2 million non-recourse construction and term project finance for the 60 MW nameplate capacity wind generation project located on McLean's Mountain, Manitoulin Island, Ontario.

Canada Pension Plan Investment Board

Acted for the Canada Pension Plan Investment Board in connection with the sale to Ivanhoé Cambridge of a 50% interest in Carrefour de l'Estrie shopping centre located in Sherbrooke, Québec, which is the largest shopping centre in Québec's Eastern Townships region, and the resulting joint venture.

Canada Pension Plan Investment Board

Acted for the Canada Pension Plan Investment Board in connection with a 50/50 Canadian retail joint venture with Oxford Properties Group. As part of the transaction, CPPIB acquired a 50% interest in the approximately 1 million square foot Upper Canada Mall, in Ontario, from Oxford Properties Group, and Oxford Properties Group acquired a 50% interest in the 1.5 million square foot Les Galeries de la Capitale shopping centre, in Québec, from CPPIB.

WalMart Canada Realty Inc. and SmartCentres Realty Inc.

Acted for WalMart Canada Realty Inc. and SmartCentres Realty Inc. in connection with the sale of two shopping centres located in the greater Toronto area and one shopping centre located in each of Saskatoon and the greater Montreal area to The Great-West Life Assurance Company and its affiliates for approximately $202 million.

Canada Pension Plan Investment Board

Acted for the Canada Pension Plan Investment Board in connection with its joint venture with the Westfield Group. CPPIB's equity investment is US$1.8 billion, representing a 45% interest in the joint venture.

SmartCentres Management Inc.

Acted for SmartCentres Management Inc. in connection with the development by Calloway Real Estate Investment Trust and Simon Property Group, Inc. of the first Premium Outlets Centre in Canada.

Wal-Mart Canada Corp.

Acted for Wal-Mart Canada Corp. in connection with the acquisition of leases for 39 store locations occupied by Zellers from Target Canada.

The Cadillac Fairview Corporation

Acted for The Cadillac Fairview Corporation in the sale of Erin Mills Town Centre, Erin Mills Town Plaza and surrounding development lands to Ontario Pension Board for $370 million.

Cadillac Fairview Corporation Limited and Ivanhoe Cambridge

Acted for co-owners, Cadillac Fairview Corporation Limited and Ivanhoe Cambridge, in the sale of Cataraqui Town Centre to Primaris Retail REIT for approximately $168 million.

Chambers Canada: Canada’s Leading Lawyers for Business—Real Estate: Ontario

Lexpert Rising Stars: Leading Lawyers Under 40

The Canadian Legal Lexpert Directory—Corporate Commercial Law

The Best Lawyers in Canada—Real Estate Law

Bar Admissions

Ontario, 2011

Education

Osgoode Hall Law School, LLB, 2010
Wilfrid Laurier University, MA (Political Science), 2007
University of Toronto, BA (Hons) (Political Science) (with Distinction), 2006

>