Blackstone Property Partners

Blackstone Property Partners to acquire Pure Industrial Real Estate Trust for $3.8 billion

Client

Blackstone Property Partners

Value

$3.8 billion

Service

Mergers and Acquisitions

Date Closed

Industry

REITs

Lead Office

Toronto


 

Osler is representing Blackstone in connection with its announced acquisition of Pure Industrial Real Estate Trust for $3.8 billion. 

PIRET owns and operates a diversified portfolio of income-producing industrial properties in leading markets across Canada and key distribution and logistics markets in the United States. PIRET is an internally managed REIT and one of the largest publicly-traded REITs in Canada.

The transaction is expected to close in the second quarter of 2018 and is subject to Canadian regulatory approvals.

Osler, Hoskin & Harcourt LLP represented Blackstone. The Osler team was led by Manny Pressman and included Alex Gorka, Brett Anderson and Doug Dawson (M&A); Adrian Hartog and Sandy Yeung (Real Estate); Jack Silverson, Firoz Ahmed and David Davachi (Tax); Peter Glossop (Competition and Investment Canada); Joyce Bernasek and Joshua Lam (Credit); Lynne Lacoursiere (Executive Compensation); and Patrick Welsh (Environmental).


Team
Emmanuel  Pressman
Key Contact

Emmanuel Pressman

Partner, Chair, Corporate

Alex Gorka

Alex Gorka

Associate, Corporate

Brett Anderson

Brett Anderson

Associate, Corporate

Douglass Dawson

Douglass Dawson

Associate, Corporate

Adrian  Hartog

Adrian Hartog

Partner, Real Estate

Sandy Yeung

Sandy Yeung

Associate, Real Estate

Jack Silverson

Jack Silverson

Partner, Taxation

Firoz Ahmed | Tax Lawyer in Toronto

Firoz Ahmed

Partner and Co-Chair, Taxation

David Davachi

David Davachi

Associate, Taxation

Peter Glossop - Foreign Investment Lawyer

Peter Glossop

Partner, Competition/Antitrust & Foreign Investment

Joyce M. Bernasek

Joyce M. Bernasek

Partner, Financial Services

Joshua Lam

Joshua Lam

Associate, Financial Services

Lynne Lacoursière - Corporate Lawyer

Lynne Lacoursière

Partner, Corporate

Patrick G. Welsh

Patrick G. Welsh

Associate, Regulatory, Environmental, Aboriginal and Land; Litigation