BTB to sell retail property in Brossard, Que.
by CM Staff
BTB Real Estate Investment Trust had acquired the property 14 years ago for a total consideration of $3.5 million.
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.
