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Toronto-Based Granite REIT Signs 10-Year Lease Extension in Austria Representing 8% of Revenue

Magna International Deal Includes Rent Escalations With Tenant That First Sponsored Trust
A Magna International facility in Graz, Austria. (Magna International)
A Magna International facility in Graz, Austria. (Magna International)
CoStar News
February 1, 2023 | 11:54 P.M.

Toronto-based Granite Real Estate Investment Trust, which started out as the publicly traded real estate arm of Magna International, has signed a major lease extension with its former sponsor in Austria.

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