AP.UN Allied Properties Real Estate Investment Trust

Allied Properties REIT (TSX:AP.UN) today identified leading international
entertainment company Entertainment One ("eOne") as the tenant referred to in
its press release of February 26, 2014. eOne has agreed to lease up to 70,000
square feet of rentable area at QRC West for a term of 13 years, commencing June
1, 2015. It will occupy four vertically contiguous floors, the lowest being the
fifth floor, which is the unique interstitial space between the former roof of
134 Peter Street and the underside of the new structure. The premises will serve
as eOne's head office upon commencement of occupancy. 


eOne will have the exclusive right to place top-band signage on the east facade
of the complex. Once completed, this facade will become an important visual
terminus when looking west along Richmond Street from as far east as Jarvis
Street. 


"This is an exciting development for our Toronto-based groups," said Nelson
Kuo-Lee, COO and EVP of eOne's Global Film Group. "Not only will our new space
bring our many television, film and music teams together, it will provide us
with a state-of-the-art and employee-friendly home within Toronto's ever-growing
entertainment district. We're looking forward to June 2015."


"We're delighted to have an industry leader like eOne make a substantial
commitment to QRC West," said Michael Emory, President and CEO of Allied. "eOne
and its employees will be a great addition to the project and to Toronto's
vibrant Downtown West neighbourhood." 


Entertainment One Ltd. (LSE:ETO) is a leading international entertainment
company that specializes in the acquisition, production and distribution of film
and television content. The company's comprehensive network extends around the
globe including Canada, the U.S., the UK, Ireland, Spain, Benelux, France,
Germany, Scandinavia, Australia, New Zealand, South Africa and South Korea.
Through established Entertainment and Distribution divisions, the company
provides extensive expertise in film distribution, television and music
production, family programming and merchandising and licensing. Its current
rights library is exploited across all media formats and includes more than
35,000 film and television titles, 2,800 hours of television programming and
45,000 music tracks.


Allied Properties REIT is a leading owner, manager and developer of urban office
environments that enrich experience and enhance profitability for business
tenants operating in Canada's major cities. Its objectives are to provide stable
and growing cash distributions to unitholders and to maximize unitholder value
through effective management and accretive portfolio growth.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Allied Properties REIT
Michael R. Emory
President and Chief Executive Officer
(416) 977-9002
memory@alliedreit.com

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