Allied Properties REIT is aggressively reshaping its portfolio, offloading six prominent Toronto assets for a combined $123 million as part of a strategic deleveraging campaign. The divestment, which closed on June 12, includes historic gems like the former Dominion Brewery (Dominion Square) at 468–496 Queen Street East, which fetched $67M, and several heritage office buildings along the Yonge and Adelaide corridors. These sales are part of a broader $500 million annual disposition target, with the REIT aiming to channel all proceeds directly into debt repayment. While the market watches these moves, Allied also confirmed that trophy assets like 19 Duncan remain on the block. As the REIT navigates this high-stakes pivot to strengthen its balance sheet, investors and industry watchers are keeping a close eye on what these shifts signal for the broader GTA commercial landscape. For a deeper dive into the specific property breakdowns and the REIT’s full 2026 outlook, read the full report at Storeys.
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