C2C Industrial Properties Inc. Announces $22 Million Equity Private Placement to Pursue Growth Strategy and Increase Liquidity

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THE UNITED STATES


C2C Industrial Properties Inc. (the "Company" or "C2C") (TSX VENTURE:CCH),
announce today that it proposes to issue up to 4,835,200 common shares of the
Company at a price of $4.55 per common share for gross proceeds of up to
$22,000,160 (the "Offering"). The Offering is conditional on exchange approval,
with closing of such Offering anticipated to occur on or about July 17th, 2012.
The net proceeds of the Offering will be used to repay certain short-term
indebtedness incurred in connection with C2C's recently previously announced
accretive acquisition of a portfolio of 7 multi tenant industrial properties
located in Montreal, Mississauga and Edmonton. Any excess proceeds will be used
to fund future acquisitions and for general working capital purposes. The
Offering is being co-led by GMP Securities Inc. and Desjardins Capital Markets
Inc.


Subsequent to closing of the Offering, the Company will have approximately 17.1
million common shares outstanding. This acquisition will increase the number of
properties from 14 to 21 and increase the total GLA from 1.4 million to
approximately 2 million square feet. In addition to assisting C2C in its mandate
to be a leading consolidator of industrial properties across Canada, the
Offering should enhance the trading liquidity of C2C's common shares.


"With the closing of the proposed accretive acquisition, we will have
established a meaningful platform in four key industrial markets across Canada.
Furthermore, the clustering of the properties in each market provides a diverse
tenant base and allows C2C to implement and execute its previously stated
value-add strategy for our portfolio," stated Chris Ross, President of the
Company. "Over the past 12 months, we have grown the portfolio while maintaining
a conservative pay-out ratio. In addition, our low pay-out ratio will provide us
with the financial flexibility to take advantage of value add opportunities that
offer the ability to increase both Net Asset Value per share and Adjusted Funds
from Operations per share."


The securities to be issued by C2C have not and will not be registered under the
United States Securities Act of 1933, as amended (the "1933 Act"), or the
securities laws of any state of the United States, and may not be offered or
sold in the United States absent registration or an applicable exemption
therefrom under the 1933 Act and the securities laws of all applicable states.


The securities to be issued by C2C will be subject to a 4 month hold period
under applicable Canadian securities laws.


About C2C Industrial Properties Inc.

C2C is a real estate investment corporation specializing in the acquisition,
ownership and operation of industrial properties across Canada. Upon completion
of the proposed portfolio acquisition, C2C will own twenty-one industrial
properties totalling approximately 2 million square feet. More information about
C2C (TSX VENTURE:CCH) is available at www.sedar.com.


Forward Looking Statements 

This document contains forward-looking statements relating to C2C and the
industry in which it operates and its strategy, action plans and investments,
which may involve estimates, forecasts and projections. These statements are not
guarantees of future performance and involve risks and uncertainties that are
difficult to predict and/or are beyond C2C's control. Consequently, readers
should not place any undue reliance on such forward-looking statements. These
forward-looking statements are made as of the date of this press release. C2C is
under no obligation to update any forward-looking statements contained herein
should material facts change due to new information, future events or other
factors, unless otherwise required to do so by applicable law. All
forward-looking statements attributable to C2C are expressly qualified by these
cautionary statements. 


The TSX Venture Exchange has neither approved nor disapproved the contents of
this press release.