Toronto, March 31, 2022 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (“Allied”) (TSX: AP.UN) today completes acquisition from Choice Properties Real Estate Investment Trust (“Choice Properties”) Announced that it was done. (TSX: CHP.UN) An urban office portfolio that expands Allied operational capabilities in Montreal, Toronto and Vancouver. Allied has announced a preliminary vision for accelerating portfolio transformation and providing better, more profitable services to knowledge-based organizations for the benefit of its members. Vision documents are now available on the Allied website.
About selection properties
Choice Properties is a leading real estate investment trust that creates lasting value through the ownership, operation and development of high quality commercial and residential real estate. Choice Properties believes that value comes from creating spaces that improve the way tenants and communities live, work and connect together. Choice Properties strives to understand the needs of tenants and manage their properties to the highest standards. Choice Properties aims to develop a healthy and resilient community through a dedication to social, economic and environmental sustainability.
About the Allies
Allied is a leading operator of unique urban workspaces in major Canadian cities and densely networked UDC spaces in Toronto. Allied’s mission is to provide knowledge-based organizations with workspaces and UDC spaces that are sustainable and promote human health, creativity, connectivity and diversity. Allied’s vision is to continuously contribute to cities and cultures that enhance and inspire the humanity of all.
For more information, please contact:
Michael Emory, President and Chief Executive Officer
Tom Burns, Executive Vice President and COO
Cecilia Williams, Executive Vice President and CFO
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Allied has completed the acquisition of the Canadian Business Journal from the Selected Properties of the Urban Office Portfolio
Source link Allied has completed the acquisition of the Canadian Business Journal from the Selected Properties of the Urban Office Portfolio