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Canadian Company Press Releases

PUB   2010-08-13   (provided courtesy of Marketwire.)
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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.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Public Storage Canadian Properties
Vincent Chan
(866) PS-CANADA
(866) 772-2623

 

 

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