Thomson Reuters to Anchor Mixed-Use Project in Toronto’s Downtown West TORONTO, ONTARIO–(Marketwired – Oct. 11, 2017) – Allied Properties REIT (TSX:AP.UN) and Westbank today announced that Thomson Reuters has agreed to lease all of the office space to be developed at 19 Duncan Street in Toronto. 19 Duncan is currently comprised of 24,803 square feet… [Read More]
Allied Properties REIT Announces Conference Call to Discuss Third-Quarter Financial Results
TORONTO, ONTARIO–(Marketwired – Oct. 5, 2017) – Allied Properties REIT (TSX:AP.UN) will hold a conference call and live audio webcast at 10:00 a.m. (ET) on Thursday, November 2, 2017, to discuss financial results for the quarter ended September 30, 2017. The financial results will be released on Wednesday, November 1, 2017, after the markets close…. [Read More]
Allied and RioCan to Acquire Diamond Corp.'s Interest in Commercial Component of The Well
TORONTO, ONTARIO–(Marketwired – Oct. 5, 2017) – Allied Properties REIT (TSX:AP.UN) and RioCan REIT (TSX:REI.UN) today announced that they have entered into a binding agreement to acquire Diamond Corp.’s undivided 20% interest in the office and retail components of The Well (the “Commercial Component”) for a purchase price of up to $42 million. On completion… [Read More]
Allied Expands Assembly Between Front and The Esplanade in Toronto's St. Lawrence Market Area
TORONTO, ONTARIO–(Marketwired – Sept. 25, 2017) – Allied Properties Real Estate Investment Trust (“Allied”) (TSX:AP.UN) announced today that it has entered into an agreement to acquire 70 The Esplanade in Toronto (the “Property”) for $17 million. “The property is immediately adjacent to 56 The Esplanade, which we acquired in June,” said Michael Emory, President and… [Read More]
Allied and Westbank Announce Decision to Proceed with Mixed-Use Development in Downtown Toronto
TORONTO, ONTARIO–(Marketwired – Sept. 21, 2017) – Allied Properties REIT (TSX:AP.UN) and Westbank today announced plans to proceed with the development of 19 Duncan Street in Toronto (the “Property”). Allied and Westbank have pre-leased the office space in the development, but will not lease the rental-residential space until construction is completed, which is scheduled for… [Read More]
Allied Properties Real Estate Investment Trust Announces August 2017 Distribution
TORONTO, ONTARIO–(Marketwired – Aug. 23, 2017) – Allied Properties REIT (the “REIT”) (TSX:AP.UN) announced today that the Trustees of the REIT have declared a distribution of $0.1275 per unit for the month of August 2017, representing $1.53 per unit on an annualized basis. The distribution will be payable on September 15, 2017, to unitholders of… [Read More]
Allied Properties Real Estate Investment Trust Announces Closing of Public Equity Offering
TORONTO, ONTARIO–(Marketwired – Aug. 17, 2017) – Not for Distribution to U.S. Newswire Services or for Dissemination in the United States of America Allied Properties Real Estate Investment Trust (TSX:AP.UN) (“Allied”) announced today that it has closed its previously announced offering of 7,695,000 units (inclusive of 770,000 units issued pursuant to the exercise in full… [Read More]
Allied Announces $270 Million Equity Offering
TORONTO, ONTARIO–(Marketwired – Aug. 8, 2017) – NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA Allied Properties Real Estate Investment Trust (“Allied”) (TSX:AP.UN) announced today that it has entered into an agreement with a syndicate of underwriters led by Scotiabank and RBC Capital Markets to issue to… [Read More]
Allied Announces Second-Quarter Results
TORONTO, ONTARIO–(Marketwired – Aug. 2, 2017) – Allied Properties Real Estate Investment Trust (“Allied”) (TSX:AP.UN) today announced results for its second quarter ended June 30, 2017. “With a favourable operating environment in Montréal, Toronto and Vancouver, we achieved our three most important goals for the first half of 2017,” said Michael Emory, President & CEO…. [Read More]
Allied to Acquire Undivided 50% Interest in Westbank's Latest Vancouver Office Project
TORONTO, ONTARIO–(Marketwired – July 27, 2017) – Allied Properties Real Estate Investment Trust (“Allied”) (TSX:AP.UN) announced today that it has entered into a transaction with Westbank to acquire an undivided 50% interest in Westbank’s office project at 400 West Georgia in Vancouver (the “Property”). “In addition to deepening our relationship with Westbank and ultimately expanding… [Read More]
Allied and RioCan Achieve 93% Lease-Up of Office Space Under Construction at King Portland Centre in Toronto
Shopify Expands its Requirement to Approximately 158,520 Square Feet TORONTO, ONTARIO–(Marketwired – July 19, 2017) – Allied Properties REIT (TSX:AP.UN) and RioCan REIT (TSX:REI.UN) today announced another important lease transaction in connection with the development of King Portland Centre in Toronto. Shopify has signed a commitment to expand its lease requirement by approximately 46,234 square… [Read More]
Allied Properties Real Estate Investment Trust Announces July 2017 Distribution
TORONTO, ONTARIO–(Marketwired – July 18, 2017) – Allied Properties REIT (the “REIT”) (TSX:AP.UN) announced today that the Trustees of the REIT have declared a distribution of $0.1275 per unit for the month of July 2017, representing $1.53 per unit on an annualized basis. The distribution will be payable on August 15, 2017, to unitholders of… [Read More]
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