McMillan Advises on Trillium Health Partners Broader Redevelopment Project – Queensway Health Centre

On February 8, 2024, Trillium Health Partners reached financial close in respect of the Trillium Health Partners Broader Redevelopment ‒ Queensway Health Centre Project (“THPQ Project”), with a contract value of $599 million.

The THPQ Project entails a build-finance project of a new patient tower, and renovations to existing spaces at the Queensway Health Centre in Etobicoke, Ontario. Once complete, the health care centre will increase capacity for post-acute care and create additional parking for those accessing the services.

Expertly led by Julie Han, with a team including Ahsan Mirza and Shahen Mirakian, McMillan acted as counsel to the finance parties, which included a syndicate of banks as lenders and hedge providers.

McMillan advised on risk allocation matters relevant to the finance parties under the Project Agreement and Construction Contract, and supported the structuring, drafting and negotiation of the Finance Documents.

McMillan’s Project Finance & P3 industry group is made up of lawyers with deep experience in the structuring and execution of major infrastructure projects. We are known for having a collaborative, problem solving approach to closing projects and meeting the requirements and financial objectives of both procurement authorities and private partners. We provide a complete range of services related to infrastructure, including assistance with procurement, construction, financing, environmental review, community consultation, tax and regulatory issues. We have acted on transactions involving all types of public infrastructure arrangements including privatizations, outsourcing arrangements, public-private partnerships, concessions, leases and alternative financing structures. Having acted for parties on all side: lenders, consortia, primary subcontractors and public authorities, we are uniquely positioned to advise and represent all relevant stakeholders.