{"id":17170,"date":"2022-03-31T07:15:55","date_gmt":"2022-03-31T11:15:55","guid":{"rendered":"https:\/\/www.choicereit.ca\/news-release\/choice-properties-real-estate-investment-trust-annonce-la-cloture-de-la-vente-strategique-de-six-immeubles-de-bureaux-de-grande-qualite-a-allied-properties-real-estate-investment-trust\/"},"modified":"2022-03-31T07:15:55","modified_gmt":"2022-03-31T11:15:55","slug":"choice-properties-real-estate-investment-trust-annonce-la-cloture-de-la-vente-strategique-de-six-immeubles-de-bureaux-de-grande-qualite-a-allied-properties-real-estate-investment-trust","status":"publish","type":"news-release","link":"https:\/\/www.choicereit.ca\/fr\/news-release\/choice-properties-real-estate-investment-trust-annonce-la-cloture-de-la-vente-strategique-de-six-immeubles-de-bureaux-de-grande-qualite-a-allied-properties-real-estate-investment-trust\/","title":{"rendered":"Choice Properties Real Estate Investment Trust annonce la cl\u00f4ture de la vente strat\u00e9gique de six immeubles de bureaux de grande qualit\u00e9 \u00e0 Allied Properties Real Estate Investment Trust"},"content":{"rendered":"


\n<\/p>\n

Toronto, Ontario, March 31, 2022 \u2013 Choice Properties Real Estate Investment Trust (\u201cChoice Properties\u201d or the \u201cTrust\u201d) (TSX: CHP.UN) announced today that it has closed the previously announced sale of six high-quality office properties in Toronto, Vancouver, and Montreal to Allied Properties Real Estate Investment Trust (\u201cAllied\u201d) (TSX: AP.UN).<\/p>\n

Choice Properties made the strategic decision to focus its time and capital on the opportunities available in its core business of essential retail and industrial, growing residential platform and robust development pipeline.<\/p>\n

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About Choice Properties Real Estate Investment Trust<\/strong><\/h4>\n

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Choice Properties is a leading Real Estate Investment Trust that creates enduring value through the ownership, operation and development of high-quality commercial and residential properties.<\/p>\n

We believe that value comes from creating spaces that improve how our tenants and communities come together to live, work, and connect. We strive to understand the needs of our tenants and manage our properties to the highest standard. We aspire to develop healthy, resilient communities through our dedication to social, economic, and environmental sustainability. In everything we do, we are guided by a shared set of values grounded in Care, Ownership, Respect and Excellence.<\/p>\n

For more information, visit Choice Properties\u2019 website at www.choicereit.ca<\/a> and Choice Properties\u2019 issuer profile at www.sedar.com<\/a>.<\/p>\n

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About Allied Real Estate Investment Trust<\/h4>\n

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Allied is a leading operator of distinctive urban workspace in Canada\u2019s major cities and network-dense UDC space in Toronto. Allied\u2019s mission is to provide knowledge-based organizations with workspace and UDC space that is sustainable and conducive to human wellness, creativity, connectivity and diversity. Allied\u2019s vision is to make a continuous contribution to cities and culture that elevates and inspires the humanity in all people.<\/p>\n

For more information, visit Allied\u2019s website at www.alliedreit.com<\/a> and Allied\u2019s issuer profile at www.sedar.com<\/a>.<\/p>\n

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Contact<\/h4>\n

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For further information, please contact investor<\/a>@choicereit.ca<\/a><\/p>\n

Mario Barrafato
Chief Financial Officer
t: (416) 628-7872 e: Mario.Barrafato@choicereit.ca<\/a><\/p>\n


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