ACQUISITIONS

12 Months Ended

Dec. 31, 2023

Disclosure of detailed information about business combination [abstract]


3.			ACQUISITIONS

During the years ended December 31, 2023 and 2022, Granite made the following property acquisitions:



2023 Acquisitions
Property	Location	Date acquired	Property purchase price		Transaction costs		Total acquisition cost




Income-producing properties:
10144 Veterans Dr.	Avon, USA	March 30, 2023	$	72,806	$	128	$	72,934
10207 Veterans Dr.	Avon, USA	March 30, 2023	34,089		102		34,191



















			$	106,895	$	230	$	107,125



2022 Acquisitions
Property	Location	Date acquired	Property purchase price		Transaction costs		Total acquisition cost

Income-producing properties:
Georg-Beatzel Straße 15	Wiesbaden, Germany	February 3, 2022	$	62,033	$	3,919	$	65,952
Raiffeisenstraße 28-32	Korbach, Germany	February 3, 2022	60,295		3,819		64,114
In der Langen Else 4	Erfurt, Germany	February 3, 2022	17,636		1,225		18,861
10566 Gateway Pt.	Clayton, IN	April 14, 2022	121,258		98		121,356
2128 Gateway Pt.	Clayton, IN	April 14, 2022	57,886		105		57,991
102 Parkshore Dr.	Brampton, ON	May 24, 2022	20,850		696		21,546
195 Steinway Blvd.	Etobicoke, ON	May 26, 2022	17,700		1,266		18,966
Swaardvenstraat 75	Tilburg, Netherlands	July 1, 2022	102,141		185		102,326
			459,799		11,313		471,112

Property under development:

905 Belle Ln.	Bolingbrook, IL	May 5, 2022	14,516		87		14,603


Development land:
161 Markel Dr.	Brant County, ON	August 19, 2022	6,368		210		6,578
			$	480,683	$	11,610	$	492,293

During the year ended December 31, 2023, transaction costs of $0.2 million (2022 — $11.6 million), which included legal and advisory costs (2022 — land transfer taxes, legal and advisory costs), were first capitalized to the cost of the respective properties and then subsequently expensed to net fair value losses on investment properties on the combined statements of net income as a result of measuring the properties at fair value.