MONTRÉAL, March 2, 2022 /CNW
Telbec/ - BTB Real Estate Investment Trust (TSX:
BTB.UN) ("BTB" or the "REIT") is pleased to
announce the appointment of Mr. Peter
Picciola, effective as of April
4th, 2022, as BTB's Chief Investment Officer.
Mr. Peter Picciola is a top
performing real estate executive with more than 24 years of
experience in development, management, and the advancement of
multi-billion-dollar real estate portfolios.
He started his career in 1997, as a real estate broker at
Devencore. He then joined Canderel in 2003 where he became Vice
President of Leasing & Development and worked successively on
complex transactions across various asset classes while maintaining
investor relationships in Europe
and in North America.
In the spring of 2014, Peter joined Ivanhoé Cambridge, a subsidiary of la Caisse de Dépôt
et Placements du Québec, as Vice President Office Leasing for the
Province of Québec with the mission of overseeing leasing
activities for the $2B Québec
market.
His team's performance led to the successful disposition of
assets valued in excess of $700M.
More recently he was notably involved in the $200M upgrade and repositioning project of Place
Ville Marie as an urban and thriving campus in downtown
Montréal.
Peter currently sits on the Board of Directors of St. Mary's
Hospital Foundation and was a director of the Urban Development
Institute of Québec from 2013 to 2019.
He holds a Bachelor of Commerce, with a specialization in
finance, from Concordia University.
"I am absolutely delighted to be joining the BTB team this
coming Spring. After watching them from a distance, and having seen
them achieve so much, I look forward with excitement to being able
to contribute to help grow the business sustainably and responsibly
to new heights for all our clients, unitholders, and
employees." – Mr. Peter
Picciola
"Peter is an impressive individual whose experience will help us
achieve our goals. His track record is impressive, and he left a
positive impression with all his past employers. With his arrival,
we are strengthening our team and increasing our bench strength in
acquisitions, dispositions, and leasing." – Mr. Michel
Léonard, President and CEO
ABOUT BTB
BTB is a real estate investment trust listed on the Toronto
Stock Exchange. BTB is a property owner active in eastern and
western Canada and owns 73
properties, representing a total leasable area of approximately
5.7 million square feet and a total asset value that
surpasses $1.1 billion.
BTB'S OBJECTIVES
- Generate stable monthly cash distributions that are
reliable and fiscally beneficial to unitholders.
- Grow the Trust's assets through internal growth and accretive
acquisitions to fund distributions.
- Optimize the value of its assets through dynamic management of
its properties in order to maximize the long-term value of its
properties.
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 3%.
For more detailed information, visit BTB's website at
www.btbreit.com.
SOURCE BTB Real Estate Investment Trust