Parkit Enterprise Inc. announced that, further to its November 15, 2023 news release, it has completed the acquisition of one industrial asset from a vendor for an aggregate purchase price of $6,300,000, subject to customary adjustments (the Acquisition). 961-975 Sherwin Rd, Winnipeg, Manitoba: The Acquisition consisted of 961-975 Sherwin Rd, Winnipeg, Manitoba (the Property). The Property consist of two buildings with approximately 82,600 square feet of gross leasable area on 4.6 acres of land.

The buildings are partially tenanted and are located in close proximity to the Winnipeg Richardson International Airport. Purchase Price and Payment: The aggregate purchase price for the Acquisitions is $6,300,000, subject to adjustments, and was satisfied from funds on hand.