Partners Real Estate Investment Trust

Partners Real Estate Investment Trust

November 28, 2013 16:59 ET

Partners Real Estate Investment Trust Informed of Unit Sale

VICTORIA, BRITISH COLUMBIA--(Marketwired - Nov. 28, 2013) - Partners REIT (TSX:PAR.UN) (the "REIT") has been informed by PricewaterhouseCoopers LLC (the "League Monitor") that 3,872,863 units of the REIT were sold for $7.00 per unit by IGW Public Limited Partnership ("IGW") to McCowan & Associates Ltd. ("McCowan") today, further to the agreement between IGW and McCowan announced by the LEAGUE Group on November 22, 2013.

About Partners REIT

Partners REIT is a growth-oriented real estate investment trust, which currently owns (directly or indirectly) 39 retail properties located in Ontario, Quebec, Manitoba, Alberta and British Columbia aggregating approximately 2.7 million square feet of leasable space. Partners REIT focuses on expanding and managing a portfolio of retail and mixed-use community and neighbourhood shopping centres located in both primary and secondary markets across Canada.

Contact Information

  • Partners Real Estate Investment Trust
    Patrick Miniutti
    Chief Executive Officer
    (250) 940-5500