UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Under the Securities and Exchange Act of 1934)
Cadillac Fairview Corporation
-----------------------------------------------
(Name of Issuer)
Common Shares, no par
-----------------------------------------------
(Title of Class of Securities)
12692907
-----------------------------------------------
(CUSIP Number)
December 31, 1997
----------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:
/ / Rule 13d-1(b)
/ / Rule 13d-1(c)
/X/ Rule 13d-1(d)
<PAGE>
<PAGE>
CUSIP No. 126929207 13G
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
BRE/CF Equity Acquisition L.P.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
5 SOLE VOTING POWER
NUMBER OF
SHARES 5,853,217
BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING -0-
PERSON
WITH
7 SOLE DISPOSITIVE POWER
5,853,217
8 SHARED DISPOSITIVE POWER
-0-
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
5,853,217
SEC 1745 (2-95)
<PAGE>
<PAGE>
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
N.A.
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.5%
12 TYPE OF REPORTING PERSON*
PN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1745 (2-95)
<PAGE>
<PAGE>
CUSIP No. 126929207 13G
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Blackstone Real Estate Partners Two L.P.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
5 SOLE VOTING POWER
NUMBER OF
SHARES 166,085
BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING -0-
PERSON
WITH
7 SOLE DISPOSITIVE POWER
166,085
8 SHARED DISPOSITIVE POWER
-0-
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
166,085
SEC 1745 (2-95)
<PAGE>
<PAGE>
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
N.A.
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.2%
12 TYPE OF REPORTING PERSON*
PN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1745 (2-95)
<PAGE>
<PAGE>
CUSIP No. 12692907 13G
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Blackstone RE Capital Partners II L.P.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
5 SOLE VOTING POWER
NUMBER OF
SHARES 31,390
BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING -0-
PERSON
WITH
7 SOLE DISPOSITIVE POWER
31,390
8 SHARED DISPOSITIVE POWER
-0-
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
31,390
SEC 1745 (2-95)
<PAGE>
<PAGE>
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* / /
N.A.
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
less than 0.1%
12 TYPE OF REPORTING PERSON*
PN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1745 (2-95)
<PAGE>
<PAGE>
CUSIP No. 126929207 13G
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Blackstone Real Estate Partners IV L.P.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/ /
(b)/X/
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
5 SOLE VOTING POWER
NUMBER OF
SHARES 49,825
BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING -0-
PERSON
WITH
7 SOLE DISPOSITIVE POWER
49,825
8 SHARED DISPOSITIVE POWER
-0-
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
49,825
SEC 1745 (2-95)
<PAGE>
<PAGE>
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
N.A.
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
less than 0.1%
12 TYPE OF REPORTING PERSON*
PN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1745 (2-95)
<PAGE>
<PAGE>
CUSIP No. 126929207 13G
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Blackstone CF Equity Acquisition L.P.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)/ /
(b)/X/
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
5 SOLE VOTING POWER
NUMBER OF
SHARES 1,728,269
BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING -0-
PERSON
WITH
7 SOLE DISPOSITIVE POWER
1,728,269
8 SHARED DISPOSITIVE POWER
-0-
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,728,269
SEC 1745 (2-95)
<PAGE>
<PAGE>
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* / /
N.A.
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.2%
12 TYPE OF REPORTING PERSON*
PN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1745 (2-95)
<PAGE>
<PAGE>
CUSIP No. 126929207 13G
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Blackstone Real Estate Associates L.P.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) /X/
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
5 SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 7,878,753
PERSON
WITH
7 SOLE DISPOSITIVE POWER
-0-
8 SHARED DISPOSITIVE POWER
7,878,753
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
7,878,753
SEC 1745 (2-95)
<PAGE>
<PAGE>
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
N.A.
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.1%
12 TYPE OF REPORTING PERSON*
PN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1745 (2-95)
<PAGE>
<PAGE>
CUSIP No. 126929207 13G
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.B. Westridge Inc.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
5 SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 7,878,753
PERSON
WITH
7 SOLE DISPOSITIVE POWER
-0-
8 SHARED DISPOSITIVE POWER
7,878,753
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
7,878,753
SEC 1745 (2-95)
<PAGE>
<PAGE>
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
N.A.
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.1%
12 TYPE OF REPORTING PERSON*
CO
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1745 (2-95)
<PAGE>
<PAGE>
CUSIP No. 126929207 13G
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
BREA L.L.C.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
5 SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 7,878,753
PERSON
WITH
7 SOLE DISPOSITIVE POWER
-0-
8 SHARED DISPOSITIVE POWER
7,878,753
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
7,878,753
SEC 1745 (2-95)
<PAGE>
<PAGE>
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
N.A.
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.1%
12 TYPE OF REPORTING PERSON*
OO
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1745 (2-95)
<PAGE>
<PAGE>
CUSIP No. 126929207 13G
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Peter G. Peterson
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
5 SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY
Y OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 7,878,753
PERSON
WITH
7 SOLE DISPOSITIVE POWER
-0-
8 SHARED DISPOSITIVE POWER
7,878,753
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
7,878,753
SEC 1745 (2-95)
<PAGE>
<PAGE>
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
N.A.
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.1%
12 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!<PAGE>
CUSIP No. 126929207 13G
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Stephen A. Schwarzman
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
5 SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 7,878,753
PERSON
WITH
7 SOLE DISPOSITIVE POWER
-0-
8 SHARED DISPOSITIVE POWER
7,878,753
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
7,878,753
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
N.A.
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.1%
12 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
<PAGE>
CUSIP No. 126929207 13G
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John G. Schreiber
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
5 SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 7,878,753
PERSON
WITH
7 SOLE DISPOSITIVE POWER
-0-
8 SHARED DISPOSITIVE POWER
7,878,753
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
7,878,753
SEC 1745 (2-95)
<PAGE>
<PAGE>
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
N.A.
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.1%
12 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1745 (2-95)
<PAGE>
<PAGE>
Item 1(a). Name of Issuer:
--------------
Cadillac Fairview Corporation
Item 1(b). Address of Issuer's Principal Executive Offices:
-----------------------------------------------
20 Queen Street West, Fifth Floor, Toronto M5H 3R4,
Canada
Item 2(a). Name of Persons Filing:
----------------------
This Schedule 13G is being filed by: Blackstone
Real Estate Partners Two L.P., a Delaware limited partnership ("BRE
Two");BRE/CF Equity Acquisition L.P., a Delaware limited partnership
("BRE/CF"); Blackstone CF Equity Acquisition L.P., a Cayman
Islands limited partnership ("BCF");Blackstone Real Estate Partners
IV L.P., a Delaware limited partnership ("BRE IV"); Blackstone
RE Capital Partners II L.P., a Delaware limited partnership
("BRECP II"); the general partner of BRE Two, BRE/CF, BRE
IV and BRECP II, and the sole investment general partner of BCF,
Blackstone Real Estate Associates L.P., a Delaware Limited
partnership ("BREA"); a general partner of BREA, BREA L.L.C., a
Delaware limited liability company ("BREA LLC"); a general partner
of BREA, SB Westridge Inc., a Delaware corporation ("Westridge");
John G. Schreiber, the sole stockholder, the sole director,
the President and Secretary of Westridge ("Schreiber"); and
Peter G. Peterson ("Peterson") and Stephen A. Schwarzman
("Schwarzman"), who are the founding members of BREA LLC.
Item 2(b): Address of Principal Business Office or, if none,
Residence
-------------------------------------------------
The principal business and office address of
each of BRE Two, BRE/CF, BRE IV, BRECP II, BREA, and BREA LLC is
345 Park Avenue, 31st Floor, New York, New York 10154. The principal
business address of BCF is Blackstone Services (Cayman) LDC,
c/o MeesPierson (Cayman) Limited, P.O. Box 2003, British American
Centre, Dr. Roy's Drive, Phase 3, George Town, Cayman
Islands. The principal business address of Westridge and
Schreiber is
<PAGE>
<PAGE>
Schreiber Investments, 1115 East Illinois Road, Lake Forest,
Illinois 60045. The principal business address of each of Peterson
and Schwarzman is 345 Park Avenue, 31st Floor, New York,
New York 10154.
Item 2(c): Citizenship
-----------
The place of organization of each of BRE Two,
BRE/CF, BRE IV, BRECP II, BREA, Westridge and BREA LLC is the State
of Delaware. The place of organization of BCF is the Cayman Islands.
The citizenship of each of Peterson, Schwarzman and Schreiber is
the United States.
SEC 1745 (2-95)
<PAGE>
<PAGE>
<PAGE> Item 2(d): Title and Class of Securities
-----------------------------
Common Shares, no par value
Item 2(e): CUSIP Number:
------------
126929207
Item 3: If this Statement is filed pursuant to Rule 13d-1(c),
check this box: / /
Item 4: Ownership(1)
------------
(a) Amount Beneficially Owned:
-------------------------
See the responses to Item 9 on the attached
cover pages.
(b) Percent of Class:
----------------
See the responses to Item 11 on the attached
cover pages.
(c) Number of shares as to which each person has:
--------------------------------------------
(i) Sole voting power: See the responses to
Item 5 on the
attached cover pages.
(ii) Shared voting power: See the responses to
Item 6 on the
attached cover pages.
(iii) Sole disposition power: See the responses to
Item 7 on the
attached cover pages.
(iv) Shared disposition power: See the responses to
Item 8 on the attached
cover pages.
Pursuant to Rule 13d-4 under the Securities Exchange Act of 1934,
as amended (the "Act"), the Reporting Persons declare that the
filing of this statement shall not be construed as an admission
that any such Reporting Person is, for the purposes of Section 13(d)
or 13(g) of the Act, the beneficial owner of any securities covered
by this statement.
Item 5. Ownership of Five Percent or Less of a Class
--------------------------------------------
Not applicable.
<PAGE>
<PAGE>
Item 6. Ownership of More than Five Percent on Behalf
of Another Person
---------------------------------------------
Not applicable.
Item 7. Identification and Classification of the
Subsidiary Which Acquired the Security Being
Reported on by the Parent Holding Company
--------------------------------------------
Not applicable
Item 8. Identification and Classification of Members of a Group
-------------------------------------------------------
Not applicable.
Item 9. Notice of Dissolution of Group
------------------------------
Not applicable.
Item 10. Certifications
--------------
Not applicable.
(1) Includes 49,826 Common Shares issuable upon exercise of
currently exercisable Reorganization Warrants which were granted
to BREA by Cadillac Fairview Corporation pursuant to the July 31,
1995 Cadillac Fairview Corporation Reorganization.
SEC 1745 (2-95)
<PAGE>
<PAGE>
INDEX OF EXHIBITS
Number Description
------ -----------
Exhibit 1 Joint Filing Agreement and Power of Attorney
dated as of February 3, 1999, among the Reporting
Persons relating to the filing of a joint statement
on Schedule 13G.
SEC 1745 (2-95)
<PAGE>
<PAGE>
<PAGE> SIGNATURES
After reasonable inquiry and to the best of my
knowledge and belief, I certify that the information set forth in
this statement is true, complete and correct.
Date: February 3, 1999
BLACKSTONE REAL ESTATE PARTNERS TWO L.P.
BRE/CF EQUITY ACQUISITION L.P.
BLACKSTONE CF EQUITY ACQUISITION L.P.
BLACKSTONE REAL ESTATE PARTNERS IV L.P.
BLACKSTONE RE CAPITAL PARTNERS II L.P.
By: Blackstone Real Estate
Associates L.P., general partner
By: BREA L.L.C., general partner
By: \s\ Stephen A. Schwarzman
----------------------------
Name: Stephen A. Schwarzman
Title: Member
SEC 1745 (2-95)
<PAGE>
<PAGE>
BLACKSTONE REAL ESTATE
ASSOCIATES L.P.
By: BREA L.L.C., general partner
By: \s\ Stephen A. Schwarzman
--------------------------
Name: Stephen A. Schwarzman
Title: Member
BREA L.L.C.
By: \s\ Stephen A. Schwarzman
--------------------------
Name: Stephen A. Schwarzman
Title: Member
SB WESTRIDGE INC.
By: \s\ John G. Schreiber
-----------------------
Name: John G. Schreiber
Title: Director
\s\ Peter G. Peterson
------------------------
Peter G. Peterson
\s\ Stephen A. Schwarzman
-------------------------
Stephen A. Schwarzman
\s\ John G. Schreiber
----------------------
John G. Schreiber
SEC 1745 (2-95)
Exhibit 99.1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) promulgated under the
Securities Exchange Act of 1934, the undersigned agree to the joint
filing of a Statement on Schedule 13G (including any and all amendments
thereto) with respect to the Common Shares, no par value of Cadillac
Fairview Corporation, and further agree to the filing of this agreement
as an Exhibit thereto. In addition, each party to this agreement
expressly authorizes each other party to this agreement to file on its
behalf any and all amendments to such Statement on Schedule 13G.
Date: February 3, 1999
BLACKSTONE REAL ESTATE PARTNERS TWO L.P.
BRE/CF EQUITY ACQUISITION L.P.
BLACKSTONE CF EQUITY ACQUISITION L.P.
BLACKSTONE REAL ESTATE PARTNERS IV L.P.
BLACKSTONE RE CAPITAL PARTNERS II L.P.
By: Blackstone Real Estate Associates L.P.,
general partner
By: BREA L.L.C., general partner
By: \s\ Stephen A. Schwarzman
----------------------------
Name: Stephen A. Schwarzman
Title: Member
<PAGE>
<PAGE>
BLACKSTONE REAL ESTATE ASSOCIATES L.P.
By: BREA L.L.C., general partner
By: \s\ Stephen A. Schwarzman
--------------------------
Name: Stephen A. Schwarzman
Title: Member
BREA L.L.C.
By: \s\ Stephen A. Schwarzman
-------------------------
Name: Stephen A. Schwarzman
Title: Member
SB WESTRIDGE INC.
By: \s\ John G. Schreiber
-----------------------
Name: John G. Schreiber
Title: Director
\s\ Peter G. Peterson
----------------------
Peter G. Peterson
\s\ Stephen A. Schwarzman
-------------------------
Stephen A. Schwarzman
\s\ John G. Schreiber
-------------------------
John G. Schreiber
SEC 1745 (2-95)
Page 2 of 3 pages
