02 Apr BTB announces the acquisition of an industrial building
Montreal, Quebec (April 2, 2013): BTB Real Estate Investment Trust (TSX: BTB.UN) is proud to announce that, after the conclusion of the due diligence process, it has purchased an industrial property in Laval, province of Quebec, for the purchase price of $11 million excluding closing costs. With the conclusion of this acquisition, BTB has now closed approximately $502 million worth of properties representing over 4.4 million square feet of leasable area.
3695 des Laurentides Boulevard, Laval, Quebec
This industrial property, dedicated to the production of medicinal products, has a leasable area of approximately 132,665 square feet. It is well situated at the intersection of Highway 15 and Highway 440, within ten minutes of Montreal’s International Airport. This property is fully-leased to Pharmetics.
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