Business
PROREIT ANNOUNCES ACQUISITION OF INDUSTRIAL PROPERTY IN WINNIPEG FOR $5.4 MILLION
PROREIT ANNOUNCES ACQUISITION OF INDUSTRIAL PROPERTY IN WINNIPEG FOR $5.4 MILLION Canada ...
About this update from Parkit Enterprise Inc.
[{"type":"text","content":"\n\n\nPROREIT ANNOUNCES ACQUISITION OF INDUSTRIAL PROPERTY IN WINNIPEG FOR $5.4 MILLION\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnsbbb1{\nBORDER-BOTTOM:black 1pt\n}\n.prnsblb1{\nBORDER-LEFT:black 1pt\n}\n.prnsbtb1{\nBORDER-TOP:black 1pt\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnrbrb1{\nBORDER-RIGHT:black 1pt\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n\n\n\n\n\nCanada NewsWire\n\n\nMONTREAL, Dec. 18, 2025 /CNW/ - PRO Real Estate Investment Trust (\"PROREIT\" or the \"REIT\") (TSX: PRV.UN) today announced the acquisition of a 100% interest in a high-quality industrial property in Winnipeg, Manitoba, totaling 24,665 square feet of gross leasable area (\"GLA\"), for a total purchase price of $5.4 million (excluding closing costs) from Parkit Enterprise Inc. (TSXV: PKT) (\"Parkit\"), representing approximately $217 per square foot and a mid-six percent capitalization rate (the \"Transaction\").\n\"This accretive industrial property acquisition further strengthens our position in the Winnipeg market where we are now among the top three largest industrial landlords1,\" said Gordon Lawlor, President and Chief Executive Officer of PROREIT. \"This transaction also highlights the value of our strategic relationship with Parkit and our shared commitment to creating long-term growth opportunities for our unitholders,\" added Mr. Lawlor.\nApproximately $2.1 million of the purchase price was satisfied through the issuance of 345,161 PROREIT trust units at $6.20 per unit to Parkit.\n____________________________1 Information from Capital Commercial Investment Services, published October 22, 2025.\nSingle-tenant Light Industrial Property\nThe property, located at 555 Camiel Sys Street in Winnipeg's St. Boniface Industrial Park, is a single-tenant cross-dock facility with excellent access to major transportation routes. It comprises 24,665 square feet of GLA. It is fully occupied by a national logistics tenant under a long-term lease that provide...