Pure Industrial Real Estate Trust closes $59.9 million bought deal

On May 17, 2011, Pure Industrial Real Estate Trust (TSXV: AAR.UN) announced the closing of its public offering of 14,605,000 units, on a bought deal prospectus basis, at a price of $4.10 per unit for total gross proceeds of $59,880,500.

The offering was conducted through a syndicate of underwriters co-led by Canaccord Genuity Corp. and Dundee Securities Corporation, and including RBC Dominion Securities Inc., National Bank Financial Inc., CIBC World Markets Inc., HSBC Securities (Canada) Inc., Raymond James Ltd., GMP Securities L.P. and Macquarie Capital Markets Canada Ltd.

The underwriters were advised in this transaction by Fasken Martineau with a team that included Georges Dubé and Kelly McDonough (corporate/securities) and Mitchell Thaw (tax).