Northwire Canada EditionFriday, July 10, 2026
Sign inSubscribe
Northwire
⌕
AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.67 +3.7% SGZ 0.040 −11.1% GRSL 0.310 −3.1% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.67 +3.7% SGZ 0.040 −11.1% GRSL 0.310 −3.1%
M&A / Property

BTB buys three properties, sells one property

By The Northwire Desk — AI Analysis Mar 18, 2026 · 18:51 BTB · 3.84 BTB Real Estate Investment Trust
BTB · Price

Executive Summary

  • BTB Real Estate Investment Trust (BTB REIT) has acquired three industrial properties in Leduc, Alberta, totaling 143,118 square feet for a purchase price of $31.5 million, excluding transaction fees and adjustments.
  • The acquisition is funded by net proceeds from previous dispositions and is intended to strengthen BTB's position in the industrial sector and enhance geographical diversification.
  • Concurrently, BTB has accepted an offer to sell a mixed-use property in Quebec City, with the transaction expected to close around March 24, 2026.

Key Details

  • Acquisition Details:
    • Total Purchase Price: $31.5 million (excluding transaction fees and adjustments).
    • Total Leasable Area: 143,118 square feet.
    • Location: Leduc suburb of Edmonton, Alberta (strategically located near Edmonton's International Airport and Queen Elizabeth II Highway).
    • Funding Source: Net proceeds from last announced dispositions are being reinvested into this acquisition.
  • Property 1 (6303 39 St., Leduc, Alta.):
    • Size: 88,699 square feet leasable area.
    • Features: 26-foot clear height.
    • Construction Year: 2014.
    • Tenant: Abaco Drilling Technologies (oil exploration and distribution manufacturer; described as the only facility of its kind in Canada).
  • Property 2 (6302 39 St., Leduc, Alta.):
    • Size: 44,328 square feet leasable area.
    • Features: 28-foot ceiling height.
    • Construction Year: 2016.
    • Tenant: NDT Global Inc. (pipeline inspection specialist with international operations).
  • Property 3 (6207 39 St., Leduc, Alta.):
    • Size: 10,091 square feet leasable area.
    • Features: 28-foot clear height.
    • Construction Year: 2014.
    • Tenant: Revolution Crane & Transport (Alberta-based crane and transport services provider).
  • Disposition Details:
    • Asset: Mixed-use property located at 909, 915 Pierre-Bertrand Blvd., Quebec City, Que.
    • Status: Offer accepted; sale conditions satisfied by the buyer.
    • Expected Closing Date: On or around March 24, 2026.
  • Company Overview:
    • BTB REIT owns and manages 74 properties.
    • Total leasable area: Approximately 6.0 million square feet.
    • Portfolio composition: Industrial, suburban office, and necessity-based retail properties across Canada.
Read the original news release →

More from BTB Real Estate Investment Trust

May 14, 2026 · 16:30

BTB Secures Liquidity Amidst NOI Headwinds with Planned Equity Raise

Financings May 12, 2026 · 17:15

BTB REIT AFFO Payout Ratio Surges to 87% Amidst Industrial Repositioning; Equity Program Planned

Earnings Mar 18, 2026 · 08:15

BTB REIT continues the strategic repositioning of its portfolio with the acquisition of three industrial properties in Alberta and announces the sale of a property located in Quebec City

M&A / Property Feb 24, 2026 · 20:00

BTB Q4 & Year-End 2025 Results: Great leasing traction with Rent Renewal Rates Increase of 10.6% and leasing activity totalling 742,162 square feet for the year

Earnings Nov 03, 2025 · 18:00

BTB Q3 2025 Results: Resilient Operational Performance with Lease Renewal Spreads Climbing by 14.5%

Earnings Oct 21, 2025 · 03:21

BTB sees Ewing Morris's offer close for 8.24M units

M&A / Property