Granite Announces Election of Trustees and Directors

TORONTO, June 11, 2014 /CNW/ - Granite Real Estate Investment Trust ("Granite REIT") (TSX: GRT.UN; NYSE: GRP.U) - Granite REIT and Granite REIT Inc. held their joint annual general meetings of stapled unitholders today, and each of the individuals below was elected as a trustee of Granite REIT and a director of Granite REIT Inc.

The vote was conducted by a show of hands. Proxies received by management in advance of the meetings indicated the following:

		As Trustee of Granite REIT													As Director of Granite REIT Inc.
Nominee		Votes For			%			Votes Withheld			%				Votes For			%			Votes Withheld			%
Michael Brody		34,543,768			98.52			517,689			1.48				34,543,336			98.52			518,121			1.48
Peter Dey		34,171,193			97.46			890,264			2.54				34,172,411			97.46			889,046			2.54
Barry Gilbertson		34,678,194			98.91			383,263			1.09				34,678,335			98.91			383,122			1.09
Thomas Heslip		35,041,311			99.94			20,146			0.06				35,042,091			99.94			19,366			0.06
Gerald Miller		35,041,326			99.94			20,131			0.06				35,041,467			99.94			19,990			0.06
Scott Oran		34,542,699			98.52			518,758			1.48				34,543,454			98.52			518,003			1.48
G. Wesley Voorheis		34,320,887			97.89			740,570			2.11				34,321,018			97.89			740,439			2.11

A total of 35,502,950 stapled units (75.52% of outstanding stapled units) were represented in person or by proxy at the meetings.

ABOUT GRANITE

Granite is a Canadian-based REIT engaged in the ownership and management of predominantly industrial, warehouse and logistics properties in North America and Europe. Granite owns approximately 32 million square feet in over 100 properties. Our tenant base currently includes Magna International Inc. and its operating subsidiaries as our largest tenants, together with tenants from other industries.

OTHER INFORMATION

Copies of financial data and other publicly filed documents are available through the internet on Canadian Securities Administrators' Systems for Electronic Document Analysis and Retrieval (SEDAR) which can be accessed at www.sedar.com and on the United States Securities and Exchange Commission's Electronic Data Gathering, Analysis and Retrieval System (EDGAR) which can be accessed at www.sec.gov. For further information, please see our website at www.granitereit.com or contact Tom Heslip, Chief Executive Officer, at 647-925-7539 or Michael Forsayeth, Chief Financial Officer, at 647-925-7600.

SOURCE: Granite Real Estate Investment Trust

please see our website at www.granitereit.com or contact Tom Heslip, Chief Executive Officer, at 647-925-7539 or Michael Forsayeth, Chief Financial Officer, at 647-925-7600.