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BTB Announces the Sale of an Office Property Located in Downtown (East) Montréal
BTB Announces the Sale of an Office Property Located in Downtown (East) Montréal ...
About this update from Btb Real Estate Investment Trust
[{"type":"text","content":"\n\n\n\nBTB Announces the Sale of an Office Property Located in Downtown (East) Montréal\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.prngen5{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.67em\n}\n.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prngen4{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.67em\n}\n.prngen3{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: BOTTOM; 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\nCanada NewsWire\nMONTRÉAL, July 6, 2020\n\n\n\nMONTRÉAL, July 6, 2020 /CNW Telbec/ - BTB Real Estate Investment Trust (TSX: BTB.UN) (\"BTB\" or the \"REIT\") announces the disposition of an office property located at 1001 Sherbrooke Street East, in Montréal (Québec). \nLocated near Lafontaine Park, and just minutes away from Montréal's Downtown Core, BTB's property located at 1001 Sherbrooke Street East was acquired for $14.2 million, excluding transaction costs in November of 2008. The property was sold for a total consideration of $ 21.6 million, excluding transaction costs. The occupancy rate of this property was of 69.7 %. BTB chose to dispose of this property due to favorable market conditions in respect to the unfavorable NOI generated by the property.   \n\nABOUT BTB\nBTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB is an important owner of properties in eastern Canada. As at July 6th, 2020, BTB owns 64 retail, office and industrial properties for a total leasable area of approxi...