Representative Matters

Allied Properties Completes $450-Million Green Bond Offering

On September 25, 2025, Allied Properties Real Estate Investment Trust (TSX: AP.UN), a leading operator of distinctive urban workspace in Canada's major cities, completed a private placement of $450-million aggregate principal amount of series N senior unsecured debentures bearing interest at a rate of 4.667% per annum and maturing on September 25, 2031. The debentures were issued under Allied's Green Financing Framework.

The debentures were sold on an agency basis by a syndicate of agents co-led by RBC Capital Markets and Scotiabank, and including ATB Capital Markets, CIBC Capital Markets, BMO Capital Markets and TD Securities. RBC Capital Markets and Scotiabank acted as sustainability structuring advisors.

Aird & Berlis represented Allied Properties with a team led by Sherri Altshuler and Melanie Cole, and including Liam Tracey-Raymont, Meredith McCann, Ali Kwinter and Teddy Nikolaou (Capital Markets).