Lanesborough Real Estate Investment Trust (“LREIT”)
is an unincorporated closed-end real estate investment trust
created to invest primarily in a portfolio of retail, residential,
industrial and office properties located across Canada.
The main objectives of LREIT are as follows:
- To provide Unitholders with stable and growing cash distributions,
payable monthly and to the maximum extent reasonably possible,
tax deferred; and
- To maximize unit value through ongoing active management
of the assets of LREIT, the acquisition of additional properties
or interests therein and the financing of new developments.
The focus of LREIT is to invest in quality properties
with strong tenants in markets across Canada to produce a
geographically diversified portfolio with strong cash flows
which, when combined with experienced management, will provide
future ongoing cash flow and value growth opportunities for
LREIT commenced trading on the Toronto Stock
Exchange on October 30, 2006, following a four year listing
on the TSX Venture Exchange. The first property acquisition
of LREIT is an office/retail development in Winnipeg, Manitoba,
known as the “Kenaston Property”.