CREIT Acquires Industrial Property from HDC

On October 24, 2005, Canadian Real Estate Investment Trust (CREIT) completed the acquisition from Hopewell Development Corp. (HDC) of a 254,000 square foot recently constructed industrial property on an 11.56-acre site located at 555–69th Avenue South East, Calgary, Alberta, for a price of $15.5 million.

CREIT was represented by Barbara McGregor and Rod Davidge of Osler, Hoskin & Harcourt LLP in Toronto and Craig Harkness of Osler in Calgary.

HDC was represented by in-house counsel Michael Vollman, and by Ivan Bergerman and Michael Lockwood at Carscallen Lockwood LLP.

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