Allied Properties REIT (TSX:AP.UN) announced today that it has closed the
acquisition of the Lougheed Building in downtown Calgary, a Class I office
property with 86,478 square feet of gross leasable area.


"We're delighted to have established a solid foothold in this vibrant Canadian
city," said Michael Emory, President & CEO. "We see the acquisition of the
Lougheed Building as an important step in continuing our expansion into western
Canada and moving our urban office platform ever closer to a national scale." 


Allied Properties REIT is a leading owner, manager and developer of urban office
environments that enrich experience and enhance profitability for business
tenants operating from Toronto, Montreal, Winnipeg, Quebec City,
Kitchener-Waterloo and Calgary. Its objectives 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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