BTB Real Estate Investment Trust announced, following the conclusion of a due diligence process, the purchase of an industrial property in the city of Ottawa. The purchase price for this sale and leaseback acquisition is $12.6 million, excluding transaction fees. The lease term is 15 years.

This acquisition is financed by a $8.3 million mortgage loan on a 15-year term, bearing interest at 3.58%. This transaction brings to 72 the number of properties owned by BTB. Adjacent to the Ottawa Macdonald-Cartier International Airport, this high-bay industrial building was erected in 2005 and is offering 116,415 square feet of leasable area on a 6-acre land.