An undisclosed buyer acquired Baldi property from Inovalis Real Estate Investment Trust (TSX:INO.UN) for ?14 million on December 23, 2025. A cash consideration of ?14 million will be paid by the buyer. As part of consideration, ?14 million is paid towards assets of Baldi property. The net proceeds from this transaction after the full repayment of bank debt related to the property and disposition costs is expected to be approximately ?11.2 million and will be used for capital expenditures relating to the re-positioning or re-development of currently owned properties and further reducing the REIT?s indebtedness.

An undisclosed buyer completed the acquisition of Baldi property from Inovalis Real Estate Investment Trust (TSX:INO.UN) on December 23, 2025.