iA Selection Balanced SRP 75/75 F-Class (0P0001IOD8.TO)

Choice Properties Real Estate Investment Trust and Loblaw Companies Limited Announce Industrial Development in the GTA

TORONTO, June 03, 2022--Choice Properties Real Estate Investment Trust ("Choice Properties" or the "Trust") (TSX: CHP.UN) and Loblaw Companies Limited ("Loblaw") (TSX: L) announced today that the Trust exercised its previously announced equity conversion right from Rice Group to acquire a 75% ownership interest in 154 developable acres of industrial land in East Gwillimbury in the Greater Toronto Area (the "Property"), and that Loblaw intends to build a 1.2 million square foot, automated, multi-