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

Executive Summary

• BTB REIT acquired three industrial properties in Leduc, Alberta for a total purchase price of C$31.5 million, adding 143,118 sq ft of leasable space and enhancing geographic diversification.
• The acquisition is funded with net proceeds from recent dispositions, reinforcing the REIT’s strategic repositioning toward industrial assets.
• BTB accepted an offer to sell a mixed‑use property in Québec City; the transaction is expected to close around March 24 2026, further optimizing the portfolio.

Key Details

• Acquisition total price: C$31.5 million (excluding transaction fees and adjustments).
• Properties acquired:
• 6303 39 St., Leduc – 88,699 sq ft, 26‑ft clear height; built 2014; tenant: Abaco Drilling Technologies.
• 6302 39 St., Leduc – 44,328 sq ft, 28‑ft clear height; built 2016; tenant: NDT Global Inc. (pipeline inspection).
• 6207 39 St., Leduc – 10,091 sq ft, 28‑ft clear height; built 2014; tenant: Revolution Crane & Transport.
• Total leasable area acquired: 143,118 sq ft.
• Strategic rationale: Enhances BTU’s industrial sector exposure and geographic diversification, particularly near Edmonton International Airport and the Queen Elizabeth II Highway.
• Disposition: Mixed‑use property at 909–915 Boulevard Pierre‑Bertrand, Québec City; sale conditions satisfied; expected closing ~24 Mar 2026.
• Portfolio impact: Acquisition funded by net proceeds from prior dispositions; aligns with BTB’s portfolio optimization strategy.

Notable Quotes

(No direct quotes were provided in the release.)