Pure Industrial Real Estate Trust has closed 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, acquired all of the issued and outstanding trust units of the Trust (each, a “Unit”) for $8.10 per Unit in cash (the “Transaction”). Blackstone Property Partners and Ivanhoé Cambridge will own respectively 62% and 38% of the Trust.
As The REIT Wire previously reported, with the completion of the transaction, the Units ceased trading on the Toronto Stock Exchange and were delisted from the TSX at close of business today. The Trust will also cease to be a reporting issuer under applicable Canadian securities laws.
To read all related stories, see previous coverage below on the deal.