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Press release from CNW Group

BTB announces the acquisition of an industrial building near London, Ontario

Wednesday, November 07, 2012

BTB announces the acquisition of an industrial building near London, Ontario08:29 EST Wednesday, November 07, 2012MONTREAL, Nov. 7, 2012 /CNW Telbec/ - BTB Real Estate Investment Trust (TSX: BTB.UN) ("BTB") is pleased to announce that, after the conclusion of the due diligence process, it has purchased an industrial property near London, Ontario, for the purchase price of $10,282,250, excluding closing costs. With the conclusion of this acquisition, BTB now owns properties valued at more than $420 million, representing over 3.9 million square feet of leasable area.311 Ingersoll, Ingersoll, OntarioThis industrial property has a leasable area of 200,000 square feet.  It is situated at the crossroads of Ingersoll Street and Highway 401, one of Canada's busiest highways and opposite the CAMI Automotive plant (General Motors). It is located 10 minutes away from London, Ontario.  The building is fully-leased to Hercules Tire Company of Canada, Inc., one of the world's leader in tire manufacturing and major purchaser of balance of stock liquidation from major tire manufacturers.As part of this acquisition, BTB assumed a $6.6 million mortgage balance at an interest rate of 6.14%.About BTBBTB is a real estate investment trust and its objective is to provide unitholders with stable cash distributions from investments in a quality portfolio of office, industrial, commercial and retail properties predominantly located in the province of Québec. BTB is led by an experienced management team with in-depth experience in the real estate industry and a Board of Trustees focused on governance and sound business practices.BTB offers a distribution reinvestment plan to unitholders whereby the participants may elect to have their monthly cash distribution reinvested in additional units of BTB.SOURCE: BTB REAL ESTATE INVESTMENT TRUSTFor further information: Mr. Michel Léonard President and Chief Executive Officer 514-286-0188, ext. 228 Mr. Benoit Cyr Vice-President and Chief Financial Officer 514-286-0188, ext. 230