 TORONTO, June 02, 2021 GLOBE NEWSWIRE -- Granite Real Estate Investment Trust Granite or the REIT TSX: GRT.UN NYSE: GRP.U announced today that it is in exclusive negotiations to acquire six income-producing properties and four development properties in Canada and the United States at a combined purchase price of approximately C368.3 million the Acquisitions. Granite expects to add approximately 1.4 million square feet SF of gross leasable area from the income producing properties and has the potential to add an additional approximately 3.2 million SF from the development properties upon completion, for a total of 4.6 million SF to the REITs portfolio. Completion of the Acquisitions is subject to definitive documentation and satisfactory due diligence. 