Blackstone Property Partners

Blackstone Property Partners in its acquisition of Pure Industrial Real Estate Trust for $3.8 billion


Blackstone Property Partners


$3.8 billion


Mergers and Acquisitions

Date Closed

May 2018



Lead Office



Osler represented Blackstone in connection with its 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 was one of the largest publicly-traded REITs in Canada.

Osler, Hoskin & Harcourt LLP represented Blackstone. The Osler team was led by Manny Pressman and Alex Gorka and included Brett Anderson, Douglass Dawson and Kevin Feng (M&A); Adrian Hartog, Ryan Nielsen, Sandy Yeung, Josh Disenhouse and Sonam Pandya (Real Estate); Jack Silverson and David Davachi (Tax); Peter Glossop and Gajan Sathananthan (Competition and Investment Canada); Joyce Bernasek, Joshua Lam, Marta Rochkin and Arthur Rousseau (Credit); Lynne Lacoursiere (Executive Compensation); and Patrick Welsh (Environmental).