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Pure Industrial Real Estate Provides Update On Anticipated Closing Of Arrangement With Blackstone To Occur Tomorrow

by benzinga.com posted 1month ago 200 views
VANCOUVER, May 23, 2018 /PRNewswire/ - Pure Industrial Real Estate Trust (TSX:AAR) (the "Trust") announces today that it anticipates the closing of the previously-announced plan of arrangement, pursuant to which an affiliate of Blackstone Property Partners, the Core+ real estate investment unit of Blackstone, and Ivanhoé Cambridge, a subsidiary of CDPQ, would acquire all of the issued and outstanding trust units of the Trust (each, a "Unit") for $8.10 per Unit in cash (the "Transaction"), will occur tomorrow, May 24, 2018, subject to the continued satisfaction of all closing conditions at the time of closing.

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