Allied Properties Reit Spends $55m

Summary


Allied Properties said Thursday the acquisitions complement the company's building at 115 Bannatyne Ave., which it acquired in 2005 as a foothold in the Winnipeg target market. It said the acquisitions give it "a strong operating position in the Exchange District." The occupants are generally smaller tenants that are consistent in character and quality with the REIT's tenant base, it said.

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Allied Properties Reit Spends $55m

TORONTO -- Allied Properties REIT (TSX:AP.UN) has reached an agreement to buy office building...

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