Allied Properties Real Estate Investment Trust Announces Closing of Acquisition of Burns Building in Calgary
August 17 2012 - 3:03PM
Marketwired Canada
Allied Properties REIT (TSX:AP.UN) announced today that it has closed the
acquisition of a leasehold interest in following property:
Total Office Retail Parking
Address GLA GLA GLA Spaces
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Burns Building, Calgary 78,781 69,483 9,298 -
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The property is free and clear of mortgage financing and will be carried as a
Property Under Development until the planned redevelopment is substantially
complete.
Allied Properties REIT is a leading owner, manager and developer of urban office
environments that enrich experience and enhance profitability for business
tenants operating in Canada's major cities. Its objectives are to provide stable
and growing cash distributions to unitholders and to maximize unitholder value
through effective management and accretive portfolio growth.
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