Allied Properties Real Estate Investment Trust
TSX : AP.UN

Allied Properties Real Estate Investment Trust

August 31, 2016 16:48 ET

Allied Announces Closing of Strategic Toronto Acquisitions

TORONTO, ONTARIO--(Marketwired - Aug. 31, 2016) - Allied Properties Real Estate Investment Trust ("Allied") (TSX:AP.UN) today announced that it has closed the acquisition of the following properties in Toronto (the "Properties") for $101 million:

Address Total
GLA
Office
GLA
Retail
GLA
Parking
Spaces
461 King Street West 81,091 43,771 37,320 35
642 King Street West (Undivided 50% with RioCan) 14,916 14,275 641 0
47 Front Street East 15,127 6,380 8,747 0
111,134 64,426 46,708 35

Allied has completed $363 million in acquisitions thus far in 2016.

Allied 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. For further information, please refer to Allied's website at www.alliedreit.com.

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