Le 3190 F.-X.-Tessier is a 67,162 square foot Class A industrial property fully leased to Amylior, a leader in the design, development and manufacture of high-end motorized wheelchairs, mobility systems and more. seating and positioning and accessories. The Montreal company has been in operation since 1997 and its products are distributed internationally. The production and development of their products are done in Montreal.
About the decision
Situated in Magog2059, rue René-Patenaude was acquired in 2007. BTB sold the building for a total consideration of $1.8M, excluding transaction costs and adjustments. This property was one of the properties identified for disposal by BTB.
About BTB
BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB is an active property owner in Canada and in view of these transactions, it holds 73 propertiesrepresenting a total leasable area of approximately 5.7M square feet and a total asset value that exceeds $1.18 billion.
BTB offers unitholders a distribution reinvestment plan under which participants may elect to have their monthly cash distribution reinvested in additional units of BTB at a price based on the weighted average price of BTB’s units on the Toronto Stock Exchange for the five trading days immediately preceding the distribution date, discounted by 3%. For more details, visit the BTB website at www.btbreit.com.
SOURCE BTB Real Estate Investment Trust
For further information: Stéphanie Léonard, Director of Communications, 514-286-0188 ext. 256, [email protected]
