TORONTO, Oct. 12, 2017 /PRNewswire/ - Granite Real
Estate Investment Trust ("Granite") (TSX: GRT.UN / NYSE: GRP.U)
announced today that it has completed its acquisition of a 2.2
million square foot portfolio of three warehouse and logistics
properties in the United States
from IDI Gazeley at a purchase price of US$122.8 million. The agreement to acquire the
portfolio was previously announced on September 15, 2017. Additional details about each
of the acquired properties can be accessed on Granite's website at
http://www.granitereit.com/recentacquisitions/.
ABOUT GRANITE
Granite is a Canadian-based REIT engaged in the ownership and
management of predominantly industrial, warehouse and logistics
properties in North America and
Europe. Granite owns approximately
32 million square feet in over 90 rental income properties. Our
tenant base includes Magna International Inc. and its operating
subsidiaries as our largest tenants, in addition to tenants from
other industries.
OTHER INFORMATION
Copies of financial data and other publicly filed documents
about Granite are available through the internet on the Canadian
Securities Administrators' Systems for Electronic Document Analysis
and Retrieval (SEDAR) which can be accessed at www.sedar.com and on
the United States Securities and Exchange Commission's Electronic
Data Gathering, Analysis and Retrieval System (EDGAR) which can be
accessed at www.sec.gov. For further information, please see our
website at www.granitereit.com or contact Michael Forsayeth, Chief Executive Officer, at
647-925-7600, Ilias Konstantopoulos,
Chief Financial Officer, at 647-925-7540 or John De Aragon, Chief Operating Officer, Co-Head
Global Real Estate, at 647-925-7505.
SOURCE Granite Real Estate Investment Trust