Scott’s

Scott’s Real Estate Investment Trust announces September distribution

by creitadmin on September 23, 2008

The full story is on Market.com.  Find the full story at:  http://www.tradingmarkets.com/.site/news/Stock%20News/1877365/

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Scott’s REIT Acquires Retail Centre in Quebec

by creitadmin on September 23, 2008

 August 22, 2008 by ruziik_tuzik – Huliq News

Scott’s Real Estate Investment Trust (TSX: SRQ.UN), Canada’s leading owner of small-box retail properties, announced today that it has completed the acquisition of an income-producing property in Anjou, Quebec that is immediately accretive to earnings. Anjou is a borough of Montreal, located just east of the city on the Island of Montreal.

Under its small-box retail acquisition program, Scott’s REIT acquired the 47,400 sq. ft. retail centre located at a high-traffic intersection. The retail centre is anchored by a Home Outfitters and tenanted by an A&W and Shell service station. The leases are long-term with an average length of 8.7 years.

“This attractive property is tenanted by well-known brands in Quebec and located in a thriving borough of Montreal,” said Evelyn Sutherland, Chief Financial Officer of Scott’s REIT. “This is our second acquisition this quarter, demonstrating our ongoing commitment to strategically increase our asset base and provide added value for our unitholders.”

The property was purchased for $11,850 and financed through an assumption of a first mortgage, a vendor take back note and cash on hand. — www.cnxmarketlink.com

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Scott’s REIT acquires new Tim Hortons-anchored mall in Quebec for $6 million

September 23, 2008

Jul 22, 2008 TORONTO — Scott’s Real Estate Investment Trust (TSX:SRQ.UN), a Toronto-based property owner, says it has completed the acquisition of an income-producing retail property in Levis, Que. for $6 million. The mall is anchored by a Tim Hortons (TSX:THI) store and other well-known retailers. Levis is an eastern Quebec community just south of [...]

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