Jan 2 (Reuters) - Partners Real Estate Investment Trust PAR_u.TO :
* PRESS RELEASE - PARTNERS ANNOUNCES AGREEMENT TO SELL QUEBEC PROPERTIES
* ENTERED INTO AN AGREEMENT FOR SALE OF ITS 11 QUEBEC RETAIL PROPERTIES ( "QUEBEC SALE TRANSACTION")
* QUEBEC SALE TRANSACTION IS CURRENTLY EXPECTED TO RESULT IN NET CASH PROCEEDS TO REIT OF APPROXIMATELY $65 MILLION
* PARTNERS REIT-BOARD EXPECTS TO CONSIDER PAYMENT OF SPECIAL CASH DISTRIBUTION TO UNITHOLDERS OF PORTION OF NET CASH PROCEEDS FROM QUEBEC PROPERTIES SALE