Artis acquires $72 million of office, retail and industrial properties

Artis REIT has acquired a 50 per cent interest in the five storey Kincaid Building and the two storey Cliveden Building in Vancouver, with its partner, Vancouver-based Kingswood Capital Corporation. The REIT also entered into agreements to acquire an industrial property in Saskatoon, a retail property in West Bank, B.C., and a flex/industrial property in Edmonton. The aggregate purchase price of the completed and announced acquisitions is approximately $72 million.

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