Maplewood International Real Estate Investment Trust (TSXV:MWI.UN) agreed to sell investment property in Netherlands for €6.9 million in cash on February 12, 2016. The transaction is subject to negotiate and execute a binding purchase and sale agreement with the potential purchaser. The closing of the disposition of the property is subject to the REIT receiving all necessary regulatory, unitholder approvals and conditional on due diligence on the Property. The Board has unanimously approved the transaction. The special meeting of Maplewood International Real Estate Investment Trust will schedule on March 22, 2016.

As of March 22, 2016, Maplewood International Real Estate Investment Trust unit-holders unanimously approved the transaction.