2014

Inovalis Real Estate Investment Trust Files Preliminary Prospectus for Initial Public Offering

/NOT FOR DISSEMINATION IN THE UNITED STATES./

TORONTO, March 1, 2013 /CNW/ - Inovalis Real Estate Investment Trust (the "REIT") announced today that it has filed, and obtained a receipt for, a preliminary prospectus for the initial public offering of trust units (the "Units") with the securities commissions of all provinces in Canada. The proposed offering is being underwritten by a syndicate of underwriters led by Desjardins Securities Inc. and including GMP Securities L.P., Macquarie Capital Markets Canada Ltd., Laurentian Bank Securities Inc., UBS Securities Canada Inc., Manulife Securities Incorporated, Burgeonvest Bick Securities Limited, Industrial Alliance Securities Inc. and Mackie Research Capital Corporation.

The preliminary prospectus has not yet become final for the purpose of a distribution of securities to the public. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale or any acceptance of an offer to buy these securities in any province or territory of Canada prior to the time a receipt for the final prospectus or other authorization is obtained from the securities commission or similar authority in such province or territory. Copies of the preliminary prospectus will be available on the website www.sedar.com.

Completion of the initial public offering is subject to and conditional upon the receipt of all necessary approvals, including regulatory approvals.

These securities have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements of that Act. This news release does not constitute an offer for sale of these securities in the United States of America.

This press release contains forward-looking statements which reflect the REIT's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. The REIT disclaims any obligation to update these forward-looking statements.

About Inovalis Real Estate Investment Trust

On closing of the Offering, the REIT will acquire a leasehold interest in a portfolio of income-producing office properties that is currently being managed by Inovalis S.A ("Inovalis"). This portfolio consists of four office properties in France and Germany, comprising 529,267 square feet (49,170 square metres) of gross leasable area. The REIT will engage Inovalis to provide strategic, advisory, asset management, project management, construction management, property management and administrative services necessary to manage our day-to-day operations.

SOURCE Inovalis Real Estate Investment Trust




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