Allied Properties Real Estate Investment Trust (TSX:AP.UN) agreed to acquire 90% stake in 400 West Georgia Street in Vancouver on March 11, 2024. In a related transaction, Allied Properties Real Estate Investment Trust (TSX:AP.UN) agreed to acquire an additional unknown stake in 19 Duncan Street in Toronto on March 11, 2024. Allied expects to complete the transactions in relation to 400 West Georgia and 19 Duncan in early April, subject only to Competition Act approval and customary closing conditions.

The property is subject to secured financing in the amount of CAD 250 million.