<SEC-DOCUMENT>0001172661-25-003394.txt : 20250814
<SEC-HEADER>0001172661-25-003394.hdr.sgml : 20250814
<ACCEPTANCE-DATETIME>20250814122744
ACCESSION NUMBER:		0001172661-25-003394
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250814
DATE AS OF CHANGE:		20250814

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GRANITE REAL ESTATE INVESTMENT TRUST
		CENTRAL INDEX KEY:			0001564538
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		ORGANIZATION NAME:           	05 Real Estate & Construction
		EIN:				986068269
		STATE OF INCORPORATION:			A6
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-87851
		FILM NUMBER:		251216381

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		77 KING ST. WEST, SUITE 4010
		STREET 2:		P.O. BOX 159, TD CENTRE
		CITY:			TORONTO
		PROVINCE COUNTRY:   	A6
		ZIP:			M5K 1H1
		BUSINESS PHONE:		647-925-7500

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		77 KING ST. WEST, SUITE 4010
		STREET 2:		P.O. BOX 159, TD CENTRE
		CITY:			TORONTO
		PROVINCE COUNTRY:   	A6
		ZIP:			M5K 1H1

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CIBC Asset Management Inc
		CENTRAL INDEX KEY:			0001021926
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			A6

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		81 BAY STREET
		STREET 2:		20TH FLOOR
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5J 0E7
		BUSINESS PHONE:		1-888-888-3863

	MAIL ADDRESS:	
		STREET 1:		81 BAY STREET
		STREET 2:		20TH FLOOR
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5J 0E7

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CIBC Global Asset Management Inc
		DATE OF NAME CHANGE:	20070511

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TAL GLOBAL ASSET MANAGEMENT INC
		DATE OF NAME CHANGE:	19990803

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TAL INVESTMENT COUNSEL LTD
		DATE OF NAME CHANGE:	19980206
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13G/A</submissionType>
    <previousAccessionNumber>0001172661-24-004597</previousAccessionNumber>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: CIBC Asset Management Inc -->
          <cik>0001021926</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>


    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>1</amendmentNo>
      <securitiesClassTitle>REIT Units</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>06/30/2025</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001564538</issuerCik>
        <issuerName>Granite Real Estate Investment Trust</issuerName>
        <issuerCusip>387437205</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>77 KING ST. WEST, SUITE 4010</com:street1>
          <com:street2>P.O. BOX 159, TD CENTRE</com:street2>
          <com:city>TORONTO, ONTARIO</com:city>
          <com:stateOrCountry>A6</com:stateOrCountry>
          <com:zipCode>M5K 1H1</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>CIBC Global Asset Management Inc.</reportingPersonName>
      <citizenshipOrOrganization>A6</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>3077800.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>3077800.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>3077800.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>4.91</classPercent>
      <typeOfReportingPerson>IA</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Granite Real Estate Investment Trust</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>77 King Street West, Suite 4010, P.O. Box 159, Toronto-Dominion Centre, Toronto, Ontario M5K 1H1</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>CIBC Global Asset Management Inc.</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>81 Bay Street, 20th Floor
Toronto, Ontario, Canada  M5J 0E7</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Please refer to Item 4 on each cover sheet for each filing person</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>N</notApplicableFlag>
        <typeOfPersonFiling>IA</typeOfPersonFiling>
      </item3>
      <item4>
        <amountBeneficiallyOwned>3,346,637</amountBeneficiallyOwned>
        <classPercent>5.28%</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>3,346,637</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>0</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>3,346,637</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>0</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>N</notApplicableFlag>
        <classOwnership5PercentOrLess>Y</classOwnership5PercentOrLess>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>CIBC Global Asset Management Inc.</reportingPersonName>
      <signatureDetails>
        <signature>Jean Gauthier</signature>
        <title>Jean Gauthier, Managing Director &amp; CIO - Global Fixed Income</title>
        <date>08/14/2025</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
