Dec 20 (Reuters) - Granite Real Estate Investment Trust GRT_u.TO :
* GRANITE PROVIDES INVESTMENT UPDATE AND ANNOUNCES TERM LOAN REFINANCING
* GRANITE REAL ESTATE INVESTMENT TRUST - ACQUIRED TWO INCOME PRODUCING PROPERTIES AND HAS AGREED TO ACQUIRE THREE DEVELOPMENT PROPERTIES
* GRANITE REAL ESTATE INVESTMENT TRUST - COLLECTIVELY, ACQUISITIONS REPRESENT AN ANTICIPATED STABILIZED YIELD OF APPROXIMATELY 5.1%
* GRANITE REAL ESTATE INVESTMENT TRUST - ACQUISITIONS FOR COMBINED PURCHASE PRICE OF APPROXIMATELY C$246.7 MILLION
* GRANITE REAL ESTATE INVESTMENT TRUST - COMPLETED ACQUISITIONS WERE FUNDED USING CASH ON HAND
* GRANITE REAL ESTATE INVESTMENT TRUST - EXTENDED C$300 MILLION TERM LOAN TO DEC 11, 2026
* GRANITE REAL ESTATE INVESTMENT TRUST - ACQUISITION OF EUROPEAN PROPERTIES WILL BE FUNDED FROM GRANITE'S AVAILABLE LIQUIDITY.