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Agellan Commercial Real Estate Investment Trust

Exchange: TSX Exchange | Oct 16, 2018, 11:59 PM EDT

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Sandpiper Group Updates Early Warning Report

Sandpiper Group Updates Early Warning Report

Vancouver, British Columbia (FSCwire) - Sandpiper Group (“Sandpiper”) announces that it has updated its early warning report for its investment in Agellan Commercial Real Estate Investment Trust (“Agellan” or the “REIT”) to reflect the strategic settlement agreement (the “Agreement”) it entered into with the REIT and ELAD Canada Inc. on November 13, 2017.


Both immediately prior to, and immediately after, the entering into of the Agreement Sandpiper Group owned and controlled 4,135,246 Units, representing approximately 12.59% of the issued and outstanding Units (as reported in the REIT’s management discussion and analysis dated November 13, 2017).


Sandpiper is located at 1670 – 200 Burrard Street, Vancouver, BC, V6C 3L6. For further information or to obtain a copy of the early warning report filed by Sandpiper, contact:  Renzo Barazzuol, President, Sandpiper Group at (604) 558-4885.


About Sandpiper:


Sandpiper is a Vancouver-based private equity firm focused on investing in real estate through direct property investments and securities. For more information about Sandpiper, visit www.sandpipergroup.ca.

To view this press release as a PDF file, click onto the following link:

Source: Sandpiper Asset Management Inc.

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