80 Aberdeen, Ottawa, Ontario

Strategically situated in the Ottawa West district within close proximity to highway 417 and Preston Street, this office building has a total leasable area of 53,393 square feet and 39,201 square feet of land. This property is primarily leased to the City of Ottawa.

About BTB

BTB is a growth-oriented real estate investment trust listed on the TSX Venture  Exchange. Its objective is to provide unitholders with stable cash distributions from investments in a quality portfolio of office, industrial, commercial and retail properties predominantly located in the province of Quebec. BTB is led by an experienced management team with in-depth experience in the real estate industry and a Board of Trustees focused on governance and sound business practices.

Forward-Looking Statements

This press release may contain forward-looking statements with respect to BTB. These statements generally can be identified by use of forward looking words such as “may”, “will”, “expect”, “estimate”, “anticipate”, “intends”, “believe” or “continue” or the negative thereof or similar variations. The actual results and performance of BTB could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors,
competition, changes in government regulation and the factors described from time to time in the documents filed by BTB with the securities regulators in Canada. The cautionary statements qualify all forward-looking statements attributable to BTB and persons acting on their behalf. Unless otherwise stated or required by applicable law, all forward-looking statements speak only as of the date of this press release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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For further information, please contact:

4535 Louis B. Mayer Street, Laval, Québec

This industrial property is well situated with easy access onto highways 13, 15 and 440, within ten minutes of Montreal’s International Airport.  This 41,000 square foot property is fully-leased to Société Strongco GP Inc. (TSX: SQP), a company specializing in selling, renting and repairing heavy equipment and machinery.

7777 Trans-Canada Highway, Saint-Laurent, Québec

This industrial property has a total leasable area of 73,000 square feet.  It is well situated in one of the Island of Montreal’s well-established industrial parks and benefits from an excellent exposure on the Trans-Canada Highway. This property is leased on a long-term basis to Plastifab, a subsidiary of PFP Corporation (TSX: PFP) that specializes in the manufacturing of molded polystyrene products.

208-244 Migneron Street, Saint-Laurent, Québec

Situated in Montreal’s Premier Industrial Park, this industrial building is just a few minutes from the Trans-Canada Highway and Côte-de-Liesse road. The property’s total leasable area is 52,100 square feet.  It is a multi-tenant building and leased to four tenants, the two larger tenants include ClickTouch Amerique Inc., a company that designs and manufactures membrane keypads and CPT Canada Power Technology, Canada’s largest distributor of air-cooled engines and supplies.

About BTB

BTB is a growth-oriented real estate investment trust listed on the TSX Venture Exchange. Its objective is to provide unitholders with stable cash distributions from investments in a quality portfolio of office, industrial, commercial and retail properties predominantly located in the province of Quebec. BTB is led by an experienced management team with in-depth experience in the real estate industry and a Board of Trustees focused on governance and sound business practices.

Forward-Looking Statements

This press release may contain forward-looking statements with respect to BTB. These statements generally can be identified by use of forward looking words such as “may”, “will”, “expect”, “estimate”, “anticipate”, “intends”, “believe” or “continue” or the negative thereof or similar variations. The actual results and performance of BTB could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, changes in government regulation and the factors described from time to time in the documents filed by BTB with the securities regulators in Canada. The cautionary statements qualify all forward-looking statements attributable to BTB and persons acting on their behalf. Unless otherwise stated or required by applicable law, all forward-looking statements speak only as of the date of this press release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Mr. Michel Léonard
President and Chief Executive Officer
514-286-0188, ext. 228

1325 Hymus Boulevard, Dorval, Québec

This industrial property has a total leasable area of 80,000 square feet.  It is well situated on a highly trafficked area at the interchange of highway 40 and Des Sources Boulevard, one of the Island of Montreal’s larger industrial parks, and a few minutes from Montreal’s International Airport.  The building is fully-leased to Metro Logistics Inc. (3E Logistics) one of the most important supplier of third party logistics in Canada.  This building will contribute to BTB’s FFO on an annualized basis of approximately 0.4¢ per unit.

As part of this transaction, BTB assumed a mortgage of $2.6 M for a remaining term of 29 months.

About BTB

BTB is a growth-oriented real estate investment trust listed on the TSX Venture Exchange. Its total assets are more than $370 M, its real estate portfolio constitutes 54 properties totaling more than 3.2 million square feet.  Its objective is to provide unitholders with stable cash distributions from investments in good quality leased office, industrial, commercial and retail properties predominantly located in the province of Quebec. BTB is led by an experienced management team with in-depth experience in the real estate industry and a Board of Trustees focused on governance and sound business practices.

Forward-Looking Statements

This press release may contain forward-looking statements with respect to BTB. These
statements generally can be identified by use of forward looking words such as “may”, “will”, “expect”, “estimate”, “anticipate”, “intends”, “believe” or “continue” or the negative thereof or similar variations. The actual results and performance of BTB could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors,
competition, changes in government regulation and the factors described from time to time in the documents filed by BTB with the securities regulators in Canada. The cautionary statements qualify all forward-looking statements attributable to BTB and persons acting on their behalf. Unless otherwise stated or required by applicable law, all forward-looking statements speak only as of the date of this press release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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For further information, please contact:

5600 Côte-de-Liesse, Town of Mount-Royal, Québec

This property is strategically located right in the center of the industrial sector of the Town of Mount-Royal (on the Island of Montreal) with easy access to two major highways (40 and 15), near the Montreal International Airport, and within close proximity to important laboratories and well-known universities.  The building has a total leasable area of 75,000 square feet and is fully-leased to Lise Watier Cosmétiques inc.  This building will contribute to BTB’s FFO on an annualized basis of approximately 0.6¢ per unit.

About BTB

BTB is a growth-oriented real estate investment trust listed on the TSX Venture Exchange. Its total assets are more than $365 M, its real estate portfolio constitutes 53 properties totaling more than 3.2 million square feet.  Its objective is to provide unitholders with stable cash distributions from investments in good quality leased office, industrial, commercial and retail properties predominantly located in the province of Quebec. BTB is led by an experienced management team with in-depth experience in the real estate industry and a Board of Trustees focused on governance and sound business practices.

Forward-Looking Statements

This press release may contain forward-looking statements with respect to BTB. These
statements generally can be identified by use of forward looking words such as “may”, “will”, “expect”, “estimate”, “anticipate”, “intends”, “believe” or “continue” or the negative thereof or similar variations. The actual results and performance of BTB could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors,
competition, changes in government regulation and the factors described from time to time in the documents filed by BTB with the securities regulators in Canada. The cautionary statements qualify all forward-looking statements attributable to BTB and persons acting on their behalf. Unless otherwise stated or required by applicable law, all forward-looking statements speak only as of the date of this press release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.

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For further information, please contact:

2175 and 2205 to 2225 Des Entreprises Boulevard, Terrebonne, Québec

These two industrial properties of respectively 60,000 and 154,000 square feet of easable area are fully‑leased for 10 year terms. They are strategically located on one
of Montreal´s major highways 25 kilometers from the Port of Montréal and 40 kilometers from the Pierre-Elliott Trudeau international airport.  These properties generate stable revenues and their tenant is the most important manufacturer of windows and door in the whole of Quebec.

5781 Laurier Boulevard, Terrebonne, Québec

BTB acquired a 50% participation in this commercial property that has a total leasable area of 17,114 square feet.  This fully‑leased property harbours a Shoppers/Pharmaprix pharmacy.

As part of this transaction, BTB assumed a first ranking mortgage loan in the amount of $1.2 M for a remaining term of 7 years, bearing interest at an annual rate of 5.68%,  with HSBC.

About BTB

BTB is a growth-oriented real estate investment trust listed on the TSX Venture Exchange. Its total assets are more than $360M, its real estate portfolio constitutes 52 properties totaling more than 3.1M square feet.  Its objective is to provide unitholders with stable cash distributions from investments in good quality leased office, industrial, commercial and retail properties predominantly located in the province of Quebec. BTB is led by an experienced management team with in-depth experience in the real estate industry and a Board of Trustees focused on governance and sound business practices.

Forward-Looking Statements

This press release may contain forward-looking statements with respect to BTB. These
statements generally can be identified by use of forward looking words such as “may”, “will”, “expect”, “estimate”, “anticipate”, “intends”, “believe” or “continue” or the negative thereof or similar variations. The actual results and performance of BTB could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors,
competition, changes in government regulation and the factors described from time to time in the documents filed by BTB with the securities regulators in Canada. The cautionary statements qualify all forward-looking statements attributable to BTB and persons acting on their behalf. Unless otherwise stated or required by applicable law, all forward-looking statements speak only as of the date of this press release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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For further information, please contact:

Reimbursement of the Acquisition Credit Facility

BTB announces that it reimbursed in its entirety the $22.8M acquisition credit facility contracted in May 2010 with Firm Capital Corporation (“FCC”) to acquire Cagim Real Estate Corporation.  The balance of the loan owing was paid from the proceeds BTB raised in its last public issue.

Purchase of 50% of Complexe Lebourgneuf – Phase 1

BTB purchased today 50% of the building known as Complexe Lebourgneuf – Phase 1, at 825 Lebourgneuf Boulevard in Quebec City.  BTB already owned 50% of the building and acquired the remaining share portion from Urban Intensification Fund LP for the lump sum of $19,350,000, including the mortgage financing already in place in the amount of approximately $12,368,000.  BTB’s ownership in the building is now 100%.

About BTB Real Estate Investment Trust 

BTB is a growth-oriented real estate investment trust listed on the TSX Venture Exchange. Its objective is to provide unitholders with stable cash distributions from investments in good quality leased office, industrial, commercial and retail properties predominantly located in the province of Quebec. BTB is led by an experienced management team with in-depth experience in the real estate industry and a Board of Trustees focused on governance and sound business practices.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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For further information, please contact Mr. Michel Léonard or Mr. Benoît Cyr.

The Board of Directors of CAGIM, after receiving financial and legal advice, and following the favorable recommendation from a Special Committee of independent directors of CAGIM tasked to examine the terms of the Offer, has unanimously determined that the cash amount to be paid to the shareholders of CAGIM pursuant to the Offer is fair from a financial point of view to the shareholders of CAGIM and that the Offer is in the best interest of CAGIM. Therefore, the Board of Directors of CAGIM unanimously recommends that shareholders of CAGIM accept the Offer and surrender their common shares pursuant to the Offer.

Pursuant to a lockup agreement executed on March 26, 2010 with some of CAGIM’s shareholders, 41.35% of the outstanding common shares on a fully diluted basis have been or shall be irrevocably deposited in support of the Offer.

CAGIM has a quality real estate portfolio, most of which is located in the Lebourgneuf district, an exiting area of Quebec City. CAGIM ‘s portfolio consists of six buildings totaling more than 600,000 square feet. CAGIM has a 50% interest in three of these buildings. CAGIM’s real estate portfolio has been valued at approximately $48,000,000 by Altus. These buildings provide positive cash flows and will contribute to an increase of BTB’s Net Operating Income.

BTB is an unincorporated open-ended real estate trust formed and governed under the laws of the Province of Quebec pursuant to a contract of trust. To date, BTB has acquired and will own following this acquisition 49 commercial and industrial properties in primary and secondary markets for a total of 2.9 million square feet.  BTB has now become an important real estate owner in geographical markets east of Ottawa.  The objectives of BTB are: (i) to generate cash distributions that are fiscally beneficial to unitholders; (ii) to grow BTB’s assets to increase distributable income and therefore fund distributions; and (iii) to optimize the value of its assets through dynamic management of its properties in order to maximize the long-term value of its units.

Forward-Looking Statements

This press release may contain forward-looking statements with respect to BTB Real Estate Investment Trust and Cagim Real Estate Corporation and their operations, strategy, financial performance and condition. These statements generally can be identified by use of forward looking words such as “may”, “will”, “expect”, “estimate”, “anticipate”, “intends”, “believe” or “continue” or the negative thereof or similar variations. The actual results and performance of BTB Real Estate Investment Trust and Cagim Real Estate Corporation could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, changes in government regulation and the factors described from time to time in the documents filed by BTB Real Estate Investment Trust and Cagim Real Estate Corporation with the securities regulators in Canada. The cautionary statements qualify all forward-looking statements attributable to BTB Real Estate Investment Trust and Cagim Real Estate Corporation and persons acting on their behalf. Unless otherwise stated or required by applicable law, all forward-looking statements speak only as of the date of this press release.

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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information:

The transaction, including the assumption of debt by BTB, values Cagim at approximately $21.5 million.  The all-cash Offer represents a premium of approximately 43% over the 20-day volume weighted average trading price for Cagim common shares on the TSX Venture Exchange through March 26, 2010 and of approximately 40% over the closing price on the last trading day prior to this announcement.

Shareholders owning approximately 40% of Cagim’s issued and outstanding common shares on a fully diluted basis, including some Officers and Directors of Cagim, have entered into lock­up agreements supporting the Offer.

Cagim has a quality real estate portfolio, most of which is located in the Lebourgneuf district, an exiting area of Quebec City.  Cagim’s portfolio consists of six buildings totaling more than 600,000 square feet.  Cagim has a 50% interest in three of these buildings.  Cagim’s real estate portfolio has been valued at approximately $48,000,000 by Altus.  These buildings provide positive cash flows and will contribute to an increase of BTB’s Net Operating Income

Following this acquisition, BTB will own 49 buildings for a total of more than 2,900,000 square feet.

“We are delighted to have entered into an agreement with Cagim that will allow us to pursue our growth plan that was put on hold during the financial crisis that shocked the global capital markets at the end of 2008 and in 2009.  This acquisition will add six high quality buildings to our current portfolio of 43 buildings, thus increasing the value of our portfolio to approximately 280 million dollars and 2.9 million square feet.  This acquisition falls squarely within our plan resulting from the strategic planning of the Board of Trustees during the fall of 2009 and will allow for synergies and savings that will contribute to increase the financial performance of BTB” has declared Mr. Michel Léonard, President and Chief Executive Officer of BTB.

Full details of the Offer will be included in the formal offer and take-over bid circular that is expected to be mailed to Cagim shareholders shortly. BTB’s take-over bid circular will be accompanied by a directors’ circular of Cagim, which will provide shareholders of Cagim with, among other things, the reasons for the recommendation of the Cagim Board of Directors that Cagim shareholders accept the Offer.  The Offer shall be valid for at least 35 days from its inception.

BTB’s obligation to acquire Cagim common shares pursuant to the offer is subject to certain conditions, including: (i) the valid deposit of at least 66 2/3% of the outstanding Cagim common shares (on a fully-diluted basis); (ii) receipt of all required third-party approvals; (iii) the non-occurrence of a material adverse effect; and (iv) the completion by Cagim of a pre-closing asset reorganization.

Under the terms of the definitive support agreement, Cagim will pay a termination fee of $750,000, being less than 3.5% of the amount of the Offer, to BTB if the definitive support agreement is terminated in the event that Cagim accepts a superior proposal and in certain other circumstances.

Dundee Securities Corporation acted as financial advisor to BTB.

Portfolio as at March 26 2010

BTB is an unincorporated open-ended real estate trust formed and governed under the laws of the Province of Quebec pursuant to a contract of trust. To date, BTB has acquired and owns 43 commercial and industrial properties in primary and secondary markets.  BTB has now become an important real estate owner in geographical markets east of Ottawa.  The objectives of BTB are: (i) to generate cash distributions that are fiscally beneficial to unitholders; (ii) to grow BTB’s assets to increase distributable income and therefore fund distributions; and (iii) to optimize the value of its assets through dynamic management of its properties in order to maximize the long-term value of its units.

Forward-Looking Statements

This press release may contain forward-looking statements with respect to BTB Real Estate Investment Trust and Cagim Real Estate Corporation and their operations, strategy, financial performance and condition. These statements generally can be identified by use of forward looking words such as “may”, “will”, “expect”, “estimate”, “anticipate”, “intends”, “believe” or “continue” or the negative thereof or similar variations. The actual results and performance of BTB Real Estate Investment Trust and Cagim Real Estate Corporation could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, changes in government regulation and the factors described from time to time in the documents filed by BTB Real Estate Investment Trust and Cagim Real Estate Corporation with the securities regulators in Canada. The cautionary statements qualify all forward-looking statements attributable to BTB Real Estate Investment Trust and Cagim Real Estate Corporation and persons acting on their behalf. Unless otherwise stated or required by applicable law, all forward-looking statements speak only as of the date of this press

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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information: