PUB
2010-08-13
 (provided courtesy of Marketwire.)
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Marketwire
Public Storage Canadian Properties Completes Sale of
Property in Coquitlam, British Columbia
TORONTO, ONTARIO--(Marketwire - Aug. 13, 2010) - David Singelyn, President
of Canadian Mini-Warehouse Properties Company, the general partner of
Public Storage Canadian Properties (the "Partnership") (TSX:PUB) today
announced that its subsidiary completed the sale of a property located at
2351 United Boulevard in Coquitlam, British Columbia to the Ministry of
Transportation and Infrastructure of the Province of British Columbia for
$12,289,122, comprised of $11,190,000 for land and improvements and
$1,099,122 for remaining compensation. Net proceeds from the sale will be
used to pay-down amounts due under the credit facility.
Partnership Information
Public Storage Canadian Properties is a publicly held limited partnership
formed under the Limited Partnership Act (Ontario). The Partnership owns,
and derives substantially all of its income from, 27 operating self-storage
facilities across Canada, of which sixteen facilities are located in
Ontario, four are located in British Columbia, six are located in Quebec
and one is located in Alberta. In addition, the Partnership owns parcels of
land in Orleans, Ontario, and Richmond Hill, Ontario for development into
new self-storage facilities. More information about the Partnership is
available on the Internet. The Partnership's main website is at
www.publicstoragecanada.com. The Partnership's investor website is
www.pscinvestor.com.
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FOR FURTHER INFORMATION PLEASE CONTACT:
Public Storage Canadian Properties
Vincent Chan
(866) PS-CANADA
(866) 772-2623
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