Allied Properties Real Estate Investment Trust
TSX : AP.UN

Allied Properties Real Estate Investment Trust

March 04, 2008 17:07 ET

Allied Properties Real Estate Investment Trust Announces Closing of Class I Office Property Acquisitions in Toronto

TORONTO, ONTARIO--(Marketwire - March 4, 2008) - Allied Properties REIT (TSX:AP.UN) announced today that it has completed the previously announced acquisitions of 179 John Street and 96 Spadina Avenue in Toronto. This brings the REIT's total portfolio to just over five million square feet of GLA with the Toronto component representing 52% of the total.

Allied Properties REIT is the leading provider of Class I office space in Canada, with portfolio assets in the urban areas of Toronto, Montreal, Winnipeg, Quebec City and Kitchener. The objectives of the REIT 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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