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BTB Announces the Acquisition of an Industrial Property Located In Laval, Québec
BTB Announces the Acquisition of an Industrial Property Located In Laval, Québec ...
About this update from Btb Real Estate Investment Trust
[{"type":"text","content":"\n \n \n \n BTB Announces the Acquisition of an Industrial Property Located In Laval, Québec\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prngen3{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n MONTRÉAL, Nov. 16, 2020\n \n \n \n \n MONTRÉAL,\n \n Nov. 16, 2020\n \n /CNW Telbec/ - BTB Real Estate Investment Trust (TSX: BTB.UN) (\"\n \n BTB\n \n \" or the \"\n \n REIT\n \n \") announces the acquisition of an industrial property located at 2005 le Chatelier Street, in\n \n Laval\n \n , Québec.\n \n \n Acquired for the price of\n \n \n $8.1 million\n \n \n (excluding transaction costs) and with a total leasable area of 34,200 square feet, the property is entirely leased to Kolostat, an industry leader in HVAC mechanical solutions.\n \n \n \n \n \n \n \n \n \n Having started in the industry as heating contractors in 1927, Kolostat is a fully integrated mechanical contractor in the industrial and commercial HVAC fields with offices located in Montréal and\n \n Toronto\n \n , with the ability to deliver world-wide projects. Kolostat has evolved over the years to become a multidisciplinary team composed of engineers, designers, draftsmen, control technicians and project managers in order to offer unparalleled results for their clients.\n \n \n \n ABOUT BTB\n \n \n \n BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB is an important owner of properties in eastern\n \n Canada\n \n . As at\n \n November 16\n \n \n th\n \n , 2020, BTB owns 64 retail, office, and industrial properties for a total leasable area of approximately 5.3 million square feet and an approxima...