Allied Completes Acquisition From Choice Properties of Urban Office Portfolio
March 31 2022 - 7:17AM
Allied Properties Real Estate Investment Trust
(“Allied”)(TSX:AP.UN) announced today that it has completed the
acquisition from Choice Properties Real Estate Investment Trust
(“Choice Properties”)(TSX:CHP.UN) of an urban office portfolio that
expands Allied’s operating capability in Montréal, Toronto and
Vancouver. For the benefit of its constituents, Allied has
published its preliminary vision for accelerating the
transformation of the portfolio to serve knowledge-based
organizations better and more profitably. The vision document is
now available on Allied’s website.
About Choice Properties
Choice Properties is a leading Real Estate
Investment Trust that creates enduring value through the ownership,
operation and development of high-quality commercial and
residential properties. Choice Properties believes that value comes
from creating spaces that improve how its tenants and communities
come together to live, work, and connect. Choice Properties strives
to understand the needs of its tenants and manage its properties to
the highest standard. Choice Properties aspires to develop healthy,
resilient communities through its dedication to social, economic,
and environmental sustainability.
About Allied
Allied is a leading operator of distinctive
urban workspace in Canada’s major cities and network-dense UDC
space in Toronto. Allied’s mission is to provide knowledge-based
organizations with workspace and UDC space that is sustainable and
conducive to human wellness, creativity, connectivity and
diversity. Allied’s vision is to make a continuous contribution to
cities and culture that elevates and inspires the humanity in all
people.
For more information, please
contact:
Michael Emory, President & CEO (416)
977-0643 memory@alliedreit.com
Tom Burns, Executive Vice President &
COO(416) 977-9002tburns@alliedreit.com
Cecilia Williams, Executive Vice President &
CFO(416) 977-9002cwilliams@alliedreit.com
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