MONTRÉAL, Aug. 21, 2018 /CNW Telbec/ - BTB Real Estate Investment Trust (TSX: BTB.UN) is pleased to announce that in partnership with the firm Alvéole, it has recently introduced beehives on the rooftops of 10 of its properties located in Montréal, Québec, and Ottawa. This initiative is part of BTB's commitment to sustainable development, where it strives to maintain eco-friendly properties that exist harmoniously with nature.
The honey produced by the bees will be packaged and gifted to BTB's clients.
For more information regarding this initiative and the protection of this endangered species, head to the Alvéole website at https://www.alveole.buzz/en/.
BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB is an important owner of properties in eastern Canada. BTB owns 71 retail, office and industrial properties for a total leasable area of approximately 5.6 million square feet. BTB's asset value is approximately $830M. The objectives of BTB are: i) to grow its revenues from its assets to increase distributable income and therefore fund distributions; (ii) to maximize the value of its assets through dynamic management of its properties in order to sustain the long-term value of its units; and (iii) to generate cash distributions that are fiscally beneficial to unitholders.
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 at a price based on the weighted average price for BTB's Units on the Toronto Stock Exchange for the five trading days immediately preceding the distribution date, discounted by 3%.
SOURCE BTB Real Estate Investment Trust
For 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