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PROREIT Provides Update on Acquisition of Eight Industrial Properties in Winnipeg for $32.3 Million
PROREIT Provides Update on Acquisition of Eight Industrial Properties in Winnipeg for $32...
About this update from Pro Real Estate Investment Trust
[{"type":"text","content":"\n \n \n \n PROREIT Provides Update on Acquisition of Eight Industrial Properties in Winnipeg for $32.3 Million\n \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.prngen3{\nBORDER-TOP-COLOR:; VERTICAL-ALIGN: BOTTOM; BORDER-LEFT-COLOR:; BORDER-BOTTOM-COLOR:; TEXT-ALIGN: RIGHT; PADDING-LEFT:0.50em; BORDER-RIGHT-COLOR:; PADDING-RIGHT:0.50em\n}\n.prngen2{\nBORDER-TOP-COLOR:; VERTICAL-ALIGN: BOTTOM; BORDER-LEFT-COLOR:; BORDER-BOTTOM-COLOR:; PADDING-LEFT:0.50em; BORDER-RIGHT-COLOR:; PADDING-RIGHT:0.50em\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnsbts{\nBORDER-TOP:black 1pt solid\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnsbr1{\nBORDER-RIGHT:1pt\n}\n.prnbcc{\nBORDER-TOP-COLOR:; BORDER-COLLAPSE: COLLAPSE; BORDER-LEFT-COLOR:; BORDER-BOTTOM-COLOR:; BORDER-RIGHT-COLOR:\n}\n.prnsbbs{\nBORDER-BOTTOM:black 1pt solid\n}\n.prnsbl1{\nBORDER-LEFT:1pt\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR DISTRIBUTION THROUGH UNITED\n \n STATES NEWS OR WIRE SERVICES./\n \n \n \n \n \n Agreement now binding for eight previously announced institutional-quality industrial assets comprising 250,000 square feet of GLA in\n \n Winnipeg, Manitoba\n \n \n \n \n MONTRÉAL,\n \n June 15, 2021\n \n /CNW Telbec/ - PRO Real Estate Investment Trust (TSX: PRV.UN) (\"PROREIT\" or the \"REIT\") today announced that it has waived conditions on its previously announced conditional purchase agreement for a 100% interest in eight light industrial buildings in\n \n Winnipeg\n \n . Together, the properties comprise 250,000 square feet of gross leasable area (\"GLA\") and carry an aggregate purchase price of\n \n $32\n \n .3 million before closing costs, representing a going in capitalization rate of approximately 6.1%.\n \n \n \"Today's announcement is one more step in successfully executing on the nine previously announced\n \n Winnipeg\n \n transactions. Having recently completed one\n \n Winnipeg\n \n purchase in June, this binding agreement for the rem...