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  • Canadian Net Real Estate Investment Trust (NET.UN) has acquired properties in New Brunswick and Quebec
  • These two properties will be the Trust’s 100th and 101st properties
  • The first of these two acquisitions is a 4,400-square-foot auto service centre operated under the Midas banner in Fredericton, New Brunswick for $975,000
  • The second property is a 53,151-square-foot hardware store operated under the Rona banner in Chateauguay, Quebec for $8,300,000
  • Canadian Net Real Estate Investment Trust is an open-ended trust that acquires and owns high-quality triple net and management-free commercial real estate properties

Canadian Net Real Estate Investment Trust (NET.UN) has acquired properties in New Brunswick and Quebec.

These two new additions will respectively be the 100thand 101stproperties of the Trust.

The first property is a 4,400-square-foot auto service centre operated under the Midas banner in Fredericton, New Brunswick.

Total amount paid was $975,000 (excluding transaction costs) and was settled in cash. The transaction closed on July 15, 2022.

The second property is a 53,151-square-foot hardware store operated under the Rona banner in Chateauguay, Quebec.

The total cost of the acquisitions is $8,300,000 (excluding transaction costs). The transaction is set to close early in August.

Canadian Net Real Estate Investment Trust is an open-ended trust that acquires and owns high-quality triple net and management-free commercial real estate properties.

Canadian Net Real Estate Investment Trust was unchanged, trading at $6.91 at 10:49 AM ET.


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