The pipeline for future purchases continues to be strong with more than $155 million of property under deal or perhaps in exclusivity being prone to close in another 45 to 60 days, at the mercy of satisfactory research.

Pro forma these acquisitions, the count on have acquired over $500 million of possessions in 2021, including 3.0 million sq ft of top-notch GLA on the Trust’s collection.

Purchases closed during Q1 2021

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Development pipeline – The depend on features started an organized developing plan enabling the depend on to add top-notch assets to their collection. The Trust is concentrated on building and executing on a development plan that capitalizes on their predominantly urban profile across North America and Europe. The believe possess commenced two tasks totalling almost 700,000 square feet in Las Vegas, Nevada and Montreal, Quebec, and expects to stay a situation to start on roughly 300,000 sqft of additional tasks in 2021. Kindly refer to the Trust’s press release (link) outdated April 15, 2021 for further details on the Trust’s development and intensification strategies.

Subsequent to quarter-end, the believe sealed on a 30-acre lot of area situated in Brampton, Ontario for $35 million, symbolizing an appealing valuation of around $1.2 million per acre. (more…)