Ms. Kassandra Antunes reports
BTB SHARPENS ITS INDUSTRIAL FOCUS WITH THE SALE OF AN OFFICE PROPERTY IN LONGUEUIL, QUEBEC
BTB Real Estate Investment Trust has agreed to sell an office property located at 4890-4898, Taschereau Blvd., in Longueuil, Que. This disposition is consistent with BTB's selective approach to recycling capital from non-core properties to support future acquisitions.
The property, totalling 36,983 square feet of leasable area, was disposed of for a total consideration of $8-million, excluding transaction costs. Proceeds from this sale will be redeployed toward the acquisition of industrial properties, further strengthening BTB's presence in a segment that remains at the heart of its repositioning strategy.
About BTB
Real Estate Investment Trust
BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB's investment strategy is focused on acquiring industrial properties in major Canadian markets. As of today, BTB owns and self-manages a portfolio of 72 properties, representing a total leasable area of approximately 5.9 million square feet.
People and their stories are at the heart of the trust's success.
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