28 Aug BTB Acquires two properties in Ottawa
Montréal, Quebec (August 27, 2015): BTB Real Estate Investment Trust (TSX: BTB.UN) (“BTB” or the “Trust”) is proud to announce, following the conclusion of a due diligence process, the purchase of two office buildings in the city of Ottawa. This $28.5 million accretive transaction now brings to 75 the number of properties owned by BTB. The acquisition is financed by a $18.5 million mortgage loan on a 10-year term, bearing interest at 3.64%.
2200-2204 Walkley Road, Ottawa, Ontario
Built in the mid-80s and 90s, the two modern design buildings are located on Walkley Road, close to the Ottawa International Airport. The buildings’ combined leaseable area totals approximately 159,000 square feet, housing mainly Canadian government offices.
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