02 Feb BTB Purchases Plaza Delson
Montréal (Quebec) (February 2, 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 acquisition of an important shopping centre in a suburb of Montréal, more precisely in the city of Delson, Province of Quebec. The purchase price for this property is $21.5 million excluding transaction fees and brings to 73 the number of properties owned by BTB, totaling approximately 5.1 million square feet of leasable area. This acquisition is financed by a $14 million mortgage loan on a 15-year term, bearing interest at 3.55%.
Plaza Delson, Georges-Gagné Blvd., Delson, Quebec
Accessible via Highway 132 on the south shore of Montréal, this shopping centre offers 145 546 square feet of leasable area housing various national retail stores and restaurants such as Loblaws, Shoppers, SAQ, National Bank, Tim Hortons, Harvey’s and Subway.
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