Allied Properties REIT

10:33 AM EST - Allied Properties REIT : Announced final plans to proceed with the development the third phase of The Breithaupt Block in Kitchener's Innovation District. The first two phases of The Breithaupt Block are comprised of 226,399 square feet of GLA, all of which is occupied. Allied and Perimeter Development Corporation own Phases I & II on a 50/50 basis. Allied Properties REIT shares T.AP.UN are trading down $0.21 at $47.00.