|
Pure Industrial Real Estate Trust (TSX-V:AAR.UN) announced Friday it is buying a $14.8 million property in Edmonton, the latest deal in an aggressive strategy to purchase industrial sites across Canada.
The agreement means the Vancouver-based company has signed for $110.8 million worth of industrial real estate acquisitions this year. The deals are for properties in B.C., Alberta, Saskatchewan, Ontario, Quebec and New Brunswick. Pure Industrial could not be reached for comment about its growth strategy, but in February a source told BIV the company was on the verge of several acquisitions. (See “Metro Vancouver industrial real estate vacancy hits 11-year high” – issue 1058; February 2-8, 2010) Pure Industrial was established in 2003 to buy income producing industrial properties, and is an affiliate of Vancouver-based Sunstone Industrial Advisors Inc. The company’s portfolio includes 27 properties, 40% of which are in Alberta, and approximately 1.4 million square feet of leasable space.
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
|
