/NOT FOR DISSEMINATION IN THE UNITED STATES./
TORONTO, March 1, 2013 /CNW/ - Inovalis Real Estate Investment Trust
(the "REIT") announced today that it has filed, and obtained a receipt for, a
preliminary prospectus for the initial public offering of trust units
(the "Units") with the securities commissions of all provinces in Canada. The
proposed offering is being underwritten by a syndicate of underwriters
led by Desjardins Securities Inc. and including GMP Securities L.P.,
Macquarie Capital Markets Canada Ltd., Laurentian Bank Securities Inc.,
UBS Securities Canada Inc., Manulife Securities Incorporated,
Burgeonvest Bick Securities Limited, Industrial Alliance Securities
Inc. and Mackie Research Capital Corporation.
The preliminary prospectus has not yet become final for the purpose of a
distribution of securities to the public. This press release does not
constitute an offer to sell or the solicitation of an offer to buy, nor
shall there be any sale or any acceptance of an offer to buy these
securities in any province or territory of Canada prior to the time a
receipt for the final prospectus or other authorization is obtained
from the securities commission or similar authority in such province or
territory. Copies of the preliminary prospectus will be available on
the website www.sedar.com.
Completion of the initial public offering is subject to and conditional
upon the receipt of all necessary approvals, including regulatory
These securities have not been, nor will they be, registered under the
United States Securities Act of 1933, as amended, and may not be
offered or sold in the United States without registration or an
applicable exemption from the registration requirements of that Act.
This news release does not constitute an offer for sale of these
securities in the United States of America.
This press release contains forward-looking statements which reflect the
REIT's current expectations regarding future events. The
forward-looking statements involve risks and uncertainties. Actual
results could differ materially from those projected herein. The REIT
disclaims any obligation to update these forward-looking statements.
About Inovalis Real Estate Investment Trust
On closing of the Offering, the REIT will acquire a leasehold interest
in a portfolio of income-producing office properties that is currently
being managed by Inovalis S.A ("Inovalis"). This portfolio consists of four office properties in France and
Germany, comprising 529,267 square feet (49,170 square metres) of gross
leasable area. The REIT will engage Inovalis to provide strategic,
advisory, asset management, project management, construction
management, property management and administrative services necessary
to manage our day-to-day operations.
SOURCE: Inovalis Real Estate Investment Trust
For further information:
Chief Executive Officer
Inovalis Real Estate Investment Trust
+33 (0)1 5643 3323