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Goodmans Deals & Cases

This section contains brief summaries of selected significant cases and transactions.  You'll also find representative lists  - by year - of major transactions and cases where Goodmans' involvement is a matter of public record or where inclusion in the list has been authorized by our clients.

Blackstone and Ivanhoé Cambridge Acquire Pure Industrial REIT for $3.8 Billion

2018

Areas Commercial Real Estate, Competition, Antitrust and Foreign Investment, Corporate and Commercial, Corporate Finance and Securities, Employment and Labour, Litigation, Mergers and Acquisitions, Private Equity, REITs and Income Securities, Tax

Summary

Goodmans represented Pure Industrial Real Estate Trust (PIRET) in connection with its all-cash acquisition by Blackstone Property Partners and Ivanhoé Cambridge Inc., a subsidiary of Caisse de dépôt et placement du Québec, for $8.10 per unit in a transaction valued at $3.8 billion including debt.  Affiliates of Blackstone Property Partners and Ivanhoé Cambridge Inc. acquired 62% and 38% of PIRET, respectively.

PIRET owns and operates a diversified portfolio of income-producing 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 that offered investors exposure to industrial real estate assets in Canada and the United States.