MONTREAL, April 3, 2013 /CNW Telbec/ – BTB Real Estate Investment Trust
(TSX: BTB.UN) (“BTB“) is proud to announce that, after the conclusion of the due diligence
process, it has purchased an industrial property in Laval, province of
Qu bec, for the purchase price of $11 million excluding closing costs.
With the conclusion of this acquisition, BTB has now closed
approximately $502 million worth of properties representing over 4.4
million square feet of leasable area. This press release replaces the
press release issued by BTB on April 2, 2013 which mentioned an
erroneous leasable area.

3695 des Laurentides Boulevard, Laval, Qu bec

This industrial property, dedicated to the production of medicinal
products, has a leasable area of 132,665 square feet. It is well
situated at the intersection of Highway 15 and Highway 440, within ten
minutes of Montreal’s International Airport. This property is
fully-leased to Pharmetics.

About BTB

BTB is a real estate investment trust listed on the Toronto Stock
Exchange. BTB is an important owner of properties in eastern Canada.
BTB owns 67 commercial, office and industrial properties for a total of
more than 4.4 million square feet. BTB’s asset value is approximately
$530M. The objectives of BTB are: i) to grow its revenues from its
assets to increase distributable income and therefore fund
distributions; (ii) to maximize the value of its assets through dynamic
management of its properties in order to sustain the long-term value of
its units; and (iii) to generate cash distributions that are fiscally
beneficial to unitholders.

BTB offers a distribution reinvestment plan to unitholders whereby the
participants may elect to have their monthly cash distribution
reinvested in additional units of BTB at a price based on the weighted
average price for BTB’s Units on the Toronto Stock Exchange for the
five trading days immediately preceding the distribution date,
discounted by 5%.

SOURCE BTB Real Estate Investment Trust