7254751 Manitoba Ltd entered into asset purchase agreement to acquire Eleven properties from Lanesborough Real Estate Investment Trust (TSXV:LRT.UN) for CAD 41.3 million.

7254751 Manitoba Ltd entered into asset purchase agreement to acquire Eleven properties from Lanesborough Real Estate Investment Trust (TSXV:LRT.UN) for CAD 41.3 million on May 22, 2024. The consideration consists of CAD 41.28 million in cash. Pursuant to the terms of the Agreements and the policies of the Exchange, the closing of the Sale Transaction and the Termination are subject to the approval of the Exchange.

The Sale Transaction and the Termination are subject to the approval of the Unitholders.