Letter to



77 King St. W., Suite 4010

P.O. Box 159

Toronto-Dominion Centre Toronto, ON, M5K 1H1 Canada


GRANITE REIT ANNOUNCES MICHAEL FORSAYETH AS CEO


March 31, 2016, Toronto, Ontario, Canada - Granite Real Estate Investment Trust ("Granite") (TSX: GRT.UN / NYSE: GRP.U) announced today that Michael Forsayeth has been appointed Granite's Chief Executive Officer effective immediately.


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 30 million square feet in over 95 rental income 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 Michael Forsayeth, Chief Executive Officer, at 647-925-7600.


granitereit.com


Granite Real Estate Investment Trust issued this content on 31 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 31 March 2016 21:42:25 UTC

Original Document: http://www.granitereit.com/wp-content/uploads/2016/03/prMar31.pdf