The purposes of the transaction were for Blackstone Property Partners LP to strengthen its operations and for Pure Industrial Real Estate Trust to increase its shareholders value.
Date Announced: 01/09/2018
Deal Status (as of publication date): Pending
Deal Value (mil): $2,477.63
ACQUIRER ADVISORS
Citi (Financial Advisor)
RBC Capital Markets (Financial Advisor)
Osler, Hoskin & Harcourt LLP (Counsel)
Simpson Thacher & Bartlett LLP (Counsel)
TARGET ADVISORS
BMO Capital Markets (Financial Advisor, Fairness Opinion)
Greenhill & Co, LLC (Fairness Opinion)
Goodmans LLP (Counsel)
Pure Industrial Real Estate Trust, located in Vancouver, British Columbia, is a real estate investment trust. It was formed to acquire, own and operate a diversified portfolio of income producing industrial properties in both primary and secondary industrial markets across Canada. As of August 2017, it has a total of 168 properties under its management. It also has offices in Calgary, Edmonton, Toronto, and Vaughan. The Company was founded in 2007.
Blackstone Property Partners LP, based in New York, New York is a real estate investment firm.