Allied Properties Real Estate Investment Trust Announces Closing of Acquisitions and Disposition of Non-Core Asset
16 Février 2012 - 10:51PM
Marketwired
Allied Properties REIT (TSX:AP.UN) announced today that it has
closed the acquisition of the following properties:
Total Office Retail
Address GLA GLA GLA Parking Spaces
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Leeson and Lineham Block, Calgary 30,481 25,305 5,176 4
Land Lease, The Chambers, Ottawa 211,861 195,991 15,870 144
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Total 242,342 221,296 21,046 148
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Allied announced the agreements to acquire these properties in
November of last year, along with an agreement to acquire the
Westcoast Building in Calgary. On completion of due-diligence,
Allied elected not to proceed with the acquisition of the Westcoast
Building.
Allied also announced that it has closed the sale of 67 Richmond
Street West in Toronto. This was a non-core asset that had no
ongoing strategic significance in the context of Allied's
portfolio.
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.
Contacts: Allied Properties Real Estate Investment Trust Michael
R. Emory President and Chief Executive Officer (416)
977-0643memory@alliedpropertiesreit.com
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