Press

CANADIAN NET REIT ANNOUNCES THE ACQUISITION OF TWO PROPERTIES IN NEW BRUNSWICK AND QUEBEC

 August 2, 2022 

Canadian Net Real Estate Investment Trust (“Canadian Net” or the “Trust”) is pleased to announce the acquisition of two properties in New Brunswick and Quebec. They will be the 100th and 101st properties of the Trust, respectively.


The first acquisition is a 4,400 square-foot auto service center operated under the Midas banner in Fredericton, New Brunswick. Total consideration paid was $975,000 (excluding transaction costs) and was settled in cash. The transaction closed on July 15th, 2022.
 

The second acquisition is a 53,151 square-foot hardware store operated under the Rona banner in Chateauguay, Quebec. Total consideration to be paid is $8,300,000 (excluding transaction costs) and the transaction is set to close early in August.

CANADIAN NET REIT ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID

 July 21, 2022 

Canadian Net Real Estate Investment Trust (“Canadian Net” or the “Trust”) announces the voting results from its annual meeting of unitholders held yesterday in a virtual format and the grant of performance units to members of management as per the equity incentive plan of the Trust (the “Equity Incentive Plan”).