26 May Acquisition of a retail complex property in saint-jean-sur-richelieu
Montréal, Quebec (May 26, 2014): BTB Real Estate Investment Trust (TSX: BTB.UN) (« BTB » ou le « Fonds ») is proud to announce that, after the conclusion of the due diligence process, it has purchased a commercial property in Saint-Jean-sur-Richelieu, province of Quebec. The purchase price for this property is $31.6 million, excluding transaction fees and brings to 69 the number of properties owned by BTB, for a total leasable area of 4.8 million square feet.
1000 du Séminaire Boulevard North, Saint-Jean-sur-Richelieu, Quebec
Located on a major artery, this complex houses well known national retailers such as Pharmaprix (Shoppers), Maxi (Loblaws) and Dollorama, as well as a Quebec Government medical clinic. This complex is 97% occupied and its rentable area is approximately 226,000 square feet.
For further information, please contact:
|Mr. Michel Léonard
President and Chief Executive Officer
514-286-0188, ext. 228
|Mr. Benoit Cyr
Vice-President and Chief Financial Officer
514-286-0188, ext. 230