TORONTO, Jan. 28, 2020 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (TSX:AP.UN) announced today that it has completed the acquisition of a large and important Class I complex in MontrÃ©al, 747 Square-Victoria Street. The property is located in the heart of the International Quarter, a heritage- and amenity-rich area that connects the Downtown Core with Old MontrÃ©al. It will enhance Alliedâs ability to serve knowledge-based organizations in urban MontrÃ©al as it evolves into a primary North American office market for TAMI (tech, advertising, media and information) users.
Allied is a leading owner, manager and developer of (i) distinctive urban workspace in Canadaâs major cities and (ii) network-dense urban data centres in Toronto that form Canadaâs hub for global connectivity. Alliedâs business is providing knowledge-based organizations with distinctive urban environments for creativity and connectivity.
For more information, please contact:
Michael Emory, President & CEO
Cecilia Williams, Executive Vice President & CFO