MONTRAL, June 29, 2021 /CNW Telbec/ - BTB Real Estate Investment Trust (TSX:BTB-UN.TO) (" BTB " or the " REIT ") announces the acquisition of an industrial property located at 6000 Kieran Street in Montral, Qubec.
Acquired for the price of $15.25 million (excluding transaction costs) and with a total leasable area of 99,000 square feet, the property is entirely leased to Kore Outdoor Inc., a global leader in the manufacturing of high-quality paintball products, ranging from paintballs and gear, marketed to all levels of play, from entry-level to competitive market segments.
Kore Outdoor Inc is a conglomeration of some of the most prominent brands in the paintball industry, spread over eleven locations, in four countries. Producing billions of paintballs annually, they are famously known for their popular brands such as: Tippmann, Empire, Spyder, Vforce, JT and G.I. Sportz, to name a few. Located in Montral, Kore is the largest manufacturer of paintballs in the world.