AP.UN Allied Properties Real Estate Investment Trust

Allied Properties Real Estate Investment Trust (“Allied”) (TSX:AP.UN) announced today that it has completed the previously announced acquisition of 700 Rue Saint-Hubert in Montréal. The forward purchase of 700 Rue Saint-Hubert was announced in July 2021 as part of the acquisition of the urban office component of Place Gare Viger in Montréal.

ABOUT ALLIED

Allied is a leading operator of distinctive urban workspace in Canada’s major cities and network-dense UDC space in Toronto. Allied’s mission is to provide knowledge-based organizations with workspace and UDC space that is sustainable and conducive to human wellness, creativity, connectivity and diversity. Allied’s vision is to make a continuous contribution to cities and culture that elevates and inspires the humanity in all people.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Michael R. EmoryPresident and Chief Executive Officer(416)977-0643memory@alliedreit.com

Cecilia C. WilliamsExecutive Vice President and Chief Financial Officer(416) 977-9002cwilliams@alliedreit.com