BTB Real Estate Investment Trust concludes acquisition of 9 industrial properties
by CM Staff
This Acquisition further increases BTB's exposure to the industrial sector whilst also enabling the REIT to broaden its geographic presence within Canada.
Western Portfolio in Edmonton, Alberta and Saskatoon, Saskatchewan (CNW Group/BTB Real Estate Investment Trust)
MONTRÉAL — As previously announced on December 22nd, 2021 BTB Real Estate Investment Trust, has concluded the acquisition of 9 high-quality industrial properties and 1 office property located in Edmonton, Alberta and in Saskatoon, Saskatchewan for an aggregate purchase price of $94 million excluding transaction costs. This Acquisition further increases BTB’s exposure to the industrial sector whilst also enabling the REIT to broaden its geographic presence within Canada.
BTB is a real estate investment trust listed on the Toronto Stock Exchange and is a property owner in eastern and western Canada and owns 71 properties totaling approximately 5.6 million square feet representing a total asset value of approximately $1.1 billion.
