Business
Granite REIT's Board Exploring Strategic Alternatives To Enhance Unitholder Value
TORONTO , June 12, 2015 /CNW/ -  Granite Real Estate Investment Trust ("Granite") (T...
About this update from Granite Real Estate Investment Trust
[{"type":"text","content":"\n\nTORONTO, June 12, 2015 /CNW/ - Granite Real Estate Investment Trust (\"Granite\") (TSX: GRT.UN / NYSE: GRP.U) today announced that it has been exploring a possible sale of certain of its assets to interested parties.  During this process, the trustees of Granite concluded that it would be in the best interests of Granite to conduct a comprehensive review of strategic alternatives available to best enhance the long term interests of Granite and all of its stakeholders.  Granite has retained Barclays and Brookfield Financial as its financial advisors and Blakes as its legal advisor to assist it in the review process.  There can be no assurance that the Board's process will result in any specific action, and Granite does not intend to disclose further developments unless and until its Board approves a specific action or otherwise concludes the review of strategic alternatives.   \n\nABOUT GRANITE \n\nGranite is a Canadian-based REIT engaged in the ownership and management of predominantly industrial, warehouse and logistics properties in North America and Europe. Granite owns approximately 30 million square feet in over 100 rental income properties. Our tenant base currently includes Magna International Inc. and its operating subsidiaries as our largest tenants, together with tenants from other industries. \n\nOTHER INFORMATION \n\nCopies of financial data and other publicly filed documents are available through the internet on Canadian Securities Administrators' Systems for Electronic Document Analysis and Retrieval (SEDAR) which can be accessed at www.sedar.com and on the United States Securities and Exchange Commission's Electronic Data Gathering, Analysis and Retrieval System (EDGAR) which can be accessed at www.sec.gov. For further information, please see our website at www.granitereit.com or contact Michael Forsayeth, Chief Financial Officer, at 647-925-7600. \n\nFORWARD-LOOKING STATEMENTS \n\nThis press release may contain statements that, to the extent they are not recitations of historical fact, constitute ''forward-looking statements'' or \"forward-looking information\" within the meaning of applicable securities legislation, including the United States Securities Act of 1933, as amended, the United States Securities Exchange Act of 1934, as amended, and applicable Canadian securities leg...