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GENTRA INC. CANCELS BAY-ADELAIDE CENTRE LEASE

 TORONTO, Aug. 13 /PRNewswire/ -- Gentra Inc. today announced that it has reached agreement to cancel a 30 year lease for new office premises in the Bay-Adelaide Centre in Toronto, which is a joint venture with Trizec and Markborough Properties Inc.
 Under the settlement, Gentra has agreed to return $ 10,000,000 of the deposit which was previously paid to Gentra. Gentra's lease commitment will be cancelled in exchange for the cancellation of the obligations of Bay-Adelaide Centre Limited under a $25,000,000 loan made by Gentra.
 -0- 8/13/93
 /CONTACT: Lorraine McAlpine of Gentra Inc., 416-981-6458/


CO: Gentra Inc. ST: Ontario IN: SU: RLE

WB -- NY086 -- 2730 08/13/93 17:17 EDT
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Publication:PR Newswire
Date:Aug 13, 1993
Words:115
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