Business
BTB REIT continues the strategic repositioning of its portfolio with the acquisition of three industrial properties in Alberta and announces the sale of a property located in Québec City
BTB REIT continues the strategic repositioning of its portfolio with the acquisition of three ind...
About this update from Btb Real Estate Investment Trust
[{"type":"text","content":"\n\n\nBTB REIT continues the strategic repositioning of its portfolio with the acquisition of three industrial properties in Alberta and announces the sale of a property located in Québec City\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\n\n\n\n\n\nCanada NewsWire\n\n\nMONTRÉAL, March 18, 2026 /CNW/ - BTB Real Estate Investment Trust (TSX: BTB.UN) (\"BTB\" or the \"REIT\") announces today the accretive acquisition of three industrial properties totaling 143,118 square feet in the Leduc suburb of Edmonton, Alberta. Strategically located close to Edmonton's International Airport and the Queen Elizabeth II Highway, these properties contribute to BTB's geographical diversification and strengthen its position in the industrial sector.The purchase price for these three properties totals 31.5 million dollars, excluding transaction fees and adjustments. Net proceeds from the last announced dispositions are reinvested in this acquisition.About the acquired industrial propertiesThe first acquired property is located at 6303 39 Street in Leduc, Alberta, and offers 88,699 square feet of leasable area with a 26-foot clear height. The building was built in 2014 for the tenant Abaco Drilling Technologies, a manufacturer in the oil exploration and distribution industry, and is the only facility of its kind in Canada.The second and most recent building construction is located at 6302 39 Street in Leduc, Alberta, and was built in 2016 and has a leasable area of 44,328 square feet with a ceiling height of 28 feet. The property is currently leased to NDT Global Inc., a company specializing in pipeline inspection with international operations.The last property is located at 6207 39 Street in Leduc, Alberta, and offers 10,091 square feet of leasable area with a 28-foot clear height. Built in 2014, the property is leased to Revolution Crane & Transport, an Alberta-based company providing crane and transport services to clients across Western and Northern Canada.Disposition of a property located in Québec CityAligned with BTB's portfolio optimization strategy and thereby enablin...