22 Dec BTB announces the sale of two commercial properties
Montréal, Québec (December 21, 2015): BTB Real Estate Investment Trust (TSX: BTB.UN) (“BTB”) announces the sale of two commercial properties located at 2212-2226 Dollard Street in Montreal and 2004-2016 René-Laennec Blvd. in Laval in the province of Québec for total proceeds of $6.125 million. The net proceeds of approximately $2 million will be used by BTB to pay down the currently outstanding balance under its acquisition credit facility.
These properties are sold as they no longer meet the investment parameters management has defined in its last portfolio performance review.
For further information, please contact:
|Mr. Michel Léonard
President and Chief Executive Officer
514-286-0188, ext. 228