Allied Properties Real Estate Investment Trust Announces Closing of Acquisitions in Calgary

Allied Properties REIT (TSX:AP.UN) announced today that it has closed the
acquisition of the following properties:




Address                               Total   Office   Retail               
                                        GLA      GLA      GLA Parking Spaces
----------------------------------------------------------------------------
Alberta Hotel Building, Calgary      47,569   17,325   30,244              -
Fashion Central, Calgary             25,640        -   25,640              -
Art Central, Calgary                 27,207    7,803   19,404              -
Cooper Block, Calgary                35,793   35,793        -             34
----------------------------------------------------------------------------
Total                               136,209   60,921   75,288             34
----------------------------------------------------------------------------



Allied has completed 18 acquisitions in 2011 for $345 million, 13 in Western
Canada, four in Toronto and one in Montreal. Less than 12 months ago, Allied had
no property west of Winnipeg. Allied now owns nine Class I or heritage
properties in Calgary, two in Edmonton, three in Vancouver and one in Victoria
with total GLA of 920,686 square feet. When combined with Allied's properties in
Winnipeg, they will comprise 17.5% of Allied's total rentable area, with Central
Canada (Toronto and Kitchener) comprising 44.3% and Eastern Canada (Montreal and
Quebec City) the remaining 38.2%. 


Allied Properties REIT is a leading owner, manager and developer of urban office
environments that enrich experience and enhance profitability for business
tenants operating in Canada's major cities. 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)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024