Melcor REIT's The Village at Blackmud Creek. (Photo: Melcor REIT)

Melcor REIT has acquired an office property in Lethbridge, Alberta for CAD6.25 million.

The single-tenant building features total gross leasable area of 33,196 square feet, and is located on 1.97 acres of freehold land.

It was recently renovated and expanded, with 13,000 square feet of additional space added in August 2018.

To read the full article, please login or subscribe.

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.