Canadian Manufacturing

BTB to sell retail property in Brossard, Que.

BTB Real Estate Investment Trust had acquired the property 14 years ago for a total consideration of $3.5 million.

December 22, 2021  by CM Staff

2340 Lapinière, Brossard, Québec (CNW Group/BTB Real Estate Investment Trust)

 

MONTRÉAL — BTB Real Estate Investment Trust has announced the sale of a retail property located at 2340 Lapinière in Brossard, Qué.

According to a company statement, BTB Real Estate Investment Trust had acquired the property 14 years ago for a total consideration of $3.5 million, exclusive of transaction costs. The company also stated that as of Q3 2021, the occupancy rate of the property stood at 51 per cent. BTB disposed of the property for a total consideration of $4.45 million, excluding transaction costs.

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