Cominar Real Estate Investment Trust announces the acquisition of co-ownership interests in seven properties for a total consideration of $18.3 million



    TSX - CUF.UN

    QUEBEC CITY, March 4 /CNW Telbec/ - Cominar Real Estate Investment Trust
("Cominar" or the "REIT") announced today the acquisition from Investors Group
Trust Co. Ltd. and I.G. Investment Management Ltd., as trustee for Investors
Real Property Fund ("Investors") of their 50% undivided interest in four
industrial properties being:

    
    - 1875 - 55th Avenue and 22-62 Lindsay, Dorval (Montreal), Québec;
    - 1520-1660 - 55th Avenue and 5430 Fairway, Lachine (Montreal), Québec;
    - 1710-1850 - 55th Avenue and 5435 François-Cusson, Lachine (Montreal),
      Québec;
    - 1200 - 55th Avenue, Lachine (Montreal), Québec;

    and of their 75% undivided interest in three industrial properties being:

    - 731-749 Meloche and 11450 Côte-de-Liesse Road, Dorval (Montreal),
      Québec;
    - 679-701 Meloche and 135-137 Lindsay, Dorval (Montreal), Québec;
    - 703-729 Meloche, Dorval (Montreal), Québec;
    

    through the exercise of buy-sell provisions under the co-ownership
agreement, which were initiated by Investors, for an acquisition price of
$18.3 million.

    Cominar originally acquired its interest in these assets in July 2007
from Alexis Nihon Real Estate Investment Trust.

    Profile as at March 4, 2008
    ---------------------------

    Cominar is one of the largest commercial real estate property owners and
managers in the province of Quebec. It owns a high quality portfolio of
208 properties in the Greater Montreal, Quebec City and Ottawa areas,
consisting of 36 office, 38 retail, and 134 industrial and mixed-use
buildings, totalling over 17.0 million square feet. The REIT's objectives are
to deliver to its unitholders growing cash distributions and to maximize
unitholder value through proactive management and the growth of its portfolio.
    %SEDAR: 00010204EF




For further information:

For further information: Michel Dallaire, P.Eng., President and Chief
Executive Officer, (418) 681-8151, mdallaire@cominar.com; Michel Berthelot,
CA, Executive Vice President and Chief Financial Officer, (418) 681-8151,
mberthelot@cominar.com

Organization Profile

Cominar Real Estate Investment Trust

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