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).