Deal Snapshot
BLACKSTONE UNIT WINS INVESTMENT CANADA ACT APPROVAL FOR PURE INDUSTRIAL REAL ESTATE TRUST ACQUISITION
Monday 16 April 2018

US-based investment firm Blackstone's (NYSE: BX) Blackstone Property Partners Core+ real estate investment unit has received Investment Canada Act approval in connection with the firm's pending acquisition of Canadian REIT Pure Industrial Real Estate Trust (TSX: AAR.UN)
The arrangement has previously received shareholder approval, court approval and clearance under the Competition Act (Canada). No further regulatory or shareholder approvals are required in connection with the arrangement. The Arrangement is expected to be completed in 2Q18 year.


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Details
Date Published: 16/04/2018
Target: Blackstone Property Partners
Country: Canada
Deal Size: 3.8bn (USD)
Sector: Construction/Real Estate
Type: LBO
Financing: Cash
Status: Agreed
Vendor:
Buyer: Pure Industrial Real Estate Trust
Comment:


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