10:17 AM EST - Homburg Canada Real Estate Investment Trust : announced today that it acquired from CP Developments Inc., a wholly owned subsidiary of Homburg Invest Inc., the three existing office buildings that currently comprise the Centron Park Complex in Calgary's suburban south district, and an interest in lands by way of a purchase option providing the REIT with the right to acquire the four remaining buildings of the Complex, as developed. The three buildings acquired, identified as 100, 200 and 300 Centron Park, added 119,832 square feet of new assets to the REIT's portfolio. The four additional office buildings, to be known as 400, 500, 600 and 700 Centron Park, could, when built and purchased, add a further 286,000 square feet to the REIT's portfolio over the next few years. The gross purchase price for the existing buildings and the purchase option is $39.7 million, excluding closing and transaction costs. Homburg Canada Real Estate Investment Trust
shares T.HCR.UN are trading up $0.01 at $12.78.
