/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
WINNIPEG, Jan. 26, 2012 /CNW/ - Artis Real Estate Investment Trust (TSX:
AX.UN) ("Artis" or the "REIT") announced today that it has closed its
previously announced public offering (the "Offering") of trust units on
a bought deal basis through a syndicate of underwriters led by RBC
Capital Markets, CIBC, and Canaccord Genuity Corp. (the
"Underwriters"). Artis issued and sold an aggregate of 5,750,000 trust
units ("Units") (inclusive of 750,000 Units issued pursuant to the
exercise of the Underwriters' over-allotment option) at a price of
$15.05 per Unit for gross proceeds to Artis of $86,537,500.
Artis intends to use the net proceeds from the Offering to fund new
acquisitions, for debt repayment and for general trust purposes.
Artis is a diversified Canadian real estate investment trust investing
in office, industrial and retail properties. Since 2004, Artis has
executed an aggressive but disciplined growth strategy, building a
portfolio of commercial properties in Canada and the United States,
with a major focus on Western Canada. Artis' commercial property
comprises nearly 16.9 million square feet of leasable area in 163
properties. Leasable area by asset class is approximately 22.2% retail,
36.3% office and 41.5% industrial. The portfolio is located 9.5% in
British Columbia, 29.5% in Alberta, 5.5% in Saskatchewan, 20.5% in
Manitoba, 11.7% in Ontario and 23.3% in the U.S.
The Toronto Stock Exchange does not accept responsibility for the
adequacy or accuracy of this press release.
SOURCE Artis Real Estate Investment Trust
For further information:
Mr. Armin Martens, President and Chief Executive Officer, Mr. Jim Green, Chief Financial Officer or Ms. Kirsty Stevens, Chief Administrative Officer at 1.204.947.1250