European Commercial REIT Announces Resumption of Trading

TORONTO, Dec. 17, 2018 /CNW/ - Further to a press release dated December 11, 2018, whereby European Commercial Real Estate Investment Trust (TSX-V:ERE.UN, "ECREIT") announced the entering into of an agreement pursuant to which ECREIT would acquire a portfolio of multi-residential properties located in the Netherlands from Canadian Apartment Properties Real Estate Investment Trust, comprising 2,091 suites in 41 properties (the "Transaction"), ECREIT would like to confirm that it has submitted certain additional documentation to the TSX Venture Exchange (the "TSX-V") for review and clearance, and has received approval of the TSX-V for the resumption of trading in the units of ECREIT.

Cautions Regarding Future Plans and Forward Looking Information

Certain statements contained in this press release constitute forward-looking statements within the meaning of applicable Canadian securities laws which reflect ECREIT's current expectations and projections about future results. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "outlook", "objective", "would", "may", "will", "expect", "intent", "estimate", "anticipate", "believe", "consider", "should", "plans", "predict", "estimate", "potential", "could", "likely", "approximately", "scheduled", "forecast", "variation" or "continue", or similar expressions suggesting future outcomes or events. The forward-looking statements made in this press release relate only to events or information as of the date on which the statements are made in this press release. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this press release. Such forward-looking statements are based on a number of assumptions that may prove to be incorrect.

Except as specifically required by applicable Canadian securities law, ECREIT undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. These forward-looking statements should not be relied upon as representing ECREIT's views as of any date subsequent to the date of this press release. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Completion of the Transaction is subject to a number of conditions, including but not limited to, acceptance by TSX-V and, if applicable, disinterested unitholder approval. There can be no assurance that the Transaction will be completed as proposed or at all.

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) have in no way passed upon the merits of the proposed Transaction and have neither approved nor disapproved the contents of this news release.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities of ECREIT.

SOURCE European Commercial Real Estate Investment Trust (ECREIT)

ECREIT, Mr. Phillip Burns, Chief Executive Officer, [email protected], 416-354-0167