PURE INDUSTRIAL REAL ESTATE TRUST CLOSES $28.8 MILLION PREVIOUSLY-ANNOUNCED TRANSACTION
20 Maggio 2011 - 4:10PM
PR Newswire (Canada)
VANCOUVER, May 20, 2011 /CNW/ -- VANCOUVER, May 20, 2011 /CNW/ -
Pure Industrial Real Estate Trust ("PIRET" or the "REIT") (TSXV:
AAR.UN) today announced the successful closing of a fully leased
income producing industrial property for a total purchase price of
$28,775,000 The property is located at 5645 - 70(th) Street,
Edmonton, Alberta, has a total rentable area of 138,633 square
feet, is situated on 8.11 acres and was constructed in 2008. The
property is 100% leased to quality tenants on long term leases,
with the Government of Canada representing 53% of the annual
revenue. The weighted average lease term is greater than five
years. PIRET funded the acquisition with equity from the bought
deal financing announced April 28, 2011 and with first mortgage
financing of $18.7 million, bearing an interest rate of 4.47% and
maturing in five years. After completing this acquisition and as
previously announced, PIRET will have acquired more than 1.8
million square feet of income producing properties valued at more
than $230 million since January 2010. PIRET's units are listed on
the TSX Venture Exchange under the symbol AAR.UN. For more
information on PIRET, visit our website at www.piret.ca. About Pure
Industrial Real Estate Trust (PIRET) PIRET is an unincorporated,
open-ended investment trust established for the purposes of
acquiring, owning and operating a diversified portfolio of
income-producing industrial properties in both primary and
secondary markets across Canada. PIRET focuses exclusively on
investing in industrial properties and is the only publicly traded
vehicle in Canada that offers investors exclusive exposure to
Canada's industrial asset class. Additional information about PIRET
is available at www.piret.ca or www.sedar.com. THE TSX VENTURE
EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR
THE ADEQUACY OR THE ACCURACY OF THIS RELEASE. To view this news
release in HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/May2011/20/c6476.html p
Andrew Greig,br/ Director of Investor Relationsbr/ br/ bPure
Industrial Real Estate Trust (PIRET)/bbr/ Suite 910, 925 West
Georgia Streetbr/ Vancouver, BC V6C 3L2br/ Phone: (604)
681-5959 or (888) 681-5959br/ E-mail: a
href="mailto:agreig@piret.ca"agreig@piret.ca/abr/ a
href="http://www.piret.ca"www.piret.ca/abr/ br/ TSX Venture
Exchange - AAR.UN /p
Copyright
Grafico Azioni Pure Industrial Real Estate Trust (TSXV:AAR.UN)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Pure Industrial Real Estate Trust (TSXV:AAR.UN)
Storico
Da Lug 2023 a Lug 2024
Notizie in Tempo Reale relative a Pure Industrial Real Estate Trust (Venture Exchange Canada (TSXV)): 0 articoli recenti
Più Pure Industrial Real Estate Trust Articoli Notizie