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]
Amazon Web Services Adds AWS Direct Connect to Allied's 250 Front West in Toronto
TORONTO, ONTARIO–(Marketwired – May 31, 2017) – Allied Properties REIT (TSX:AP.UN) today announced the availability of Amazon Web Services(“AWS”)Direct Connect at 250 Front West in Downtown Toronto. Through AWS Direct Connect, Allied customers can directly access AWS cloud services over a private, enterprise-grade network connection. The benefits of this direct access include reduced network costs,… [Read More]
Allied Properties Real Estate Investment Trust Announces May 2017 Distribution
TORONTO, ONTARIO–(Marketwired – May 17, 2017) – Allied Properties 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 May 2017, representing $1.53 per unit on an annualized basis. The distribution will be payable on June 15, 2017, to unitholders of record as… [Read More]
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