BTB Sharpens Its Industrial Focus with the Sale of an Office Property in Longueuil, Quebec
BTB Sharpens Its Industrial Focus with the Sale of an Office Property in Longueuil, Quebec |
| [03-November-2026] |
MONTRÉAL, Nov. 3, 2026 /CNW/ -- BTB Real Estate Investment Trust (TSX: BTB.UN) ("BTB" or the "REIT") announces today the sale of an office property located at 4890-4898, Taschereau Boulevard, in Longueuil, Quebec. This disposition is consistent with BTB's selective approach to recycling capital from non-core properties to support future acquisitions.
The property, totaling 36,983 square feet of leasable area, was disposed of for a total consideration of $8 million , excluding transaction costs. Proceeds from this sale will be redeployed toward the acquisition of industrial properties, further strengthening BTB's presence in a segment that remains at the heart of its repositioning strategy. About BTB BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB's investment strategy is focused on acquiring industrial properties in major Canadian markets. As of today, BTB owns and self-manages a portfolio of 72 properties, representing a total leasable area of approximately 5.9 million square feet. People and their stories are at the heart of our success.
SOURCE BTB Real Estate Investment Trust | ||
Company Codes: Toronto:BTB.UN |
