/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
VANCOUVER, June 26, 2012 /CNW/ - Sunstone Opportunity Fund (2006) Limited Partnership ("Sunstone (2006) LP") and Sunstone Opportunity (2006) Realty Trust (the "Trust" and together with Sunstone (2006) LP, "Sunstone") today announced that they have successfully completed the disposition of their 47.5% interest in Place des Quatre-Bourgeois ("PQB") for a total sale price of $32,025,000 less standard closing costs, real estate commissions and adjustments. The pro-rata gross proceeds to Sunstone from this sale amount to $15,211,875.
Sunstone originally acquired the 47.5% interest in PQB in February 2008 for a purchase price of $11,597,125 plus standard closing costs and adjustments.
For further information:
Andrew Greig, Director of Business Development
Sunstone Opportunity (2006) Realty Trust
Sunstone Opportunity Fund (2006) Limited Partnership
Suite 910, 925 West Georgia Street
Vancouver, BC V6C 3L2
Phone: (604) 681-5959 or (888) 681-5959
E-mail: [email protected]