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BRIEF-Pure Industrial Real Estate Trust offering $110 mln of trust units

Published 2016-06-06, 04:41 p/m
© Reuters.  BRIEF-Pure Industrial Real Estate Trust offering $110 mln of trust units
AAR_u
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June 6 (Reuters) - Pure Industrial Real Estate Trust
AAR_u.TO
* Pure Industrial Real Estate Trust announces public
offering of $110 million of trust units
* To use net proceeds for repayment of existing
indebtedness, to fund planned development project in Vancouver
* To use net proceeds also for tenant expansion projects in
Ontario and U.S. and for general trust purposes
* Pure Industrial Real Estate Trust says entered into an
agreement with underwriters, to sell, on a bought deal basis,
21.8 million units at $5.05 per unit

Source text for Eikon: ID:nCCNc4bTgn
Further company coverage: AAR_u.TO

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