Allied Properties REIT (TSX:AP.UN) announced today that it has completed the
previously announced acquisition of 183 Bathurst Street and 489, 495 and 499
King Street West. The remaining property in the portfolio, 860 Richmond Street
West, requires rectification of a minor title issue and is expected to close
late in 2007 or early in 2008. The REIT's portfolio now exceeds 5.1 million
square feet of GLA with Toronto representing 53% of the total, Montreal 34%,
Winnipeg 8%, Quebec City less than 4% and Kitchener-Waterloo just than 2%.


Allied Properties REIT is the leading owner and manager of Class I office
properties in Canada, with portfolio assets in the urban areas of Toronto,
Montreal, Winnipeg, Quebec City and Kitchener. The objectives of the REIT are to
provide stable and growing cash distributions to unitholders and to maximize
unitholder value through effective management and accretive portfolio growth.
Allied Properties Real E... (TSX:AP.UN)
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