Morguard Real Estate Investment Trust today announced that it had completed the sale of two separate forty per cent (40%) interests in Scotia Place, a 560,000 square foot Class A
office building located in Edmonton, Alberta. The purchasers were two major
Canadian pension fund organizations.
The Trust also announced that it had completed the sale of a 50%
ownership interest in 505-3rd Street SW., a 140,000 square foot office
building located in Calgary, Alberta. The purchaser was a major Canadian
pension fund organization.

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