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/C O R R E C T I O N from Source -- BTB Real Estate Investment Trust /
/C O R R E C T I O N from Source -- BTB Real Estate Investment Trust / Canada News...
About this update from Btb Real Estate Investment Trust
[{"type":"text","content":"\n\n\n\n\n/C O R R E C T I O N from Source -- BTB Real Estate Investment Trust /\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\n\nCanada NewsWire\nMONTRÉAL, Feb. 4, 2020\n\n\n\nIn the news release, BTB Announces the Acquisition of a Property Located in Ottawa, Ontario, issued 04-Feb-2020 by BTB Real Estate Investment Trust over CNW, we are advised by the company that an error occurred in the second paragraph. Please note that the following press release was modified in order to rectify the total leasable area from 7,500 square feet to 77,500 square feet. The complete, corrected release follows:\n\nBTB Announces the Acquisition of a Property Located in Ottawa, Ontario\n\n\nMONTRÉAL, Feb. 4, 2020 /CNW Telbec/ - BTB Real Estate Investment Trust (TSX: BTB.UN) (« BTB ») announces the acquisition of an office building located at 2611, Queensview Drive in Ottawa (Ontario).\n\n \n \n\n \nDesigned to be energy efficient (more than 35% compared to the National Energy Code for buildings), this property has obtained the LEED® Silver certification. Acquired for a price of $ 21.75 million (excluding transaction costs) and with a total leasable area over 77,500 square feet, the property is fully leased to various tenants, thus offering good diversification and income stability. The main tenant, the engineering consulting firm WSP, has been established here since its construction in 2012.\nBTB also acquired an excess zoned land for an additional 60,000 square feet of office space, which was included in the purchase price. This land can be developed or sold by BTB.\nBTB AS AT FEBRUARY 4th, 2020 \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 February 4th, 2020, BTB owns 66 retail, office and industrial properties for a total leasable area of approximately 5.5 million square feet and an approximate total asset value of approximately of $900M.  \nBTB'S OBJECTIVES\nGenerate stable monthly cash distributions that are reliable and fis...