PRO Real Estate Investment Trust has entered into agreements to acquire a 100 percent interest in 15 industrial properties located in Atlantic Canada representing 1.1 million square feet of gross leasable area (GLA) and one industrial property in Winnipeg, Canada, representing 106,737 square feet of GLA for an aggregate purchase price of C$163.2 million ($127.73 million).
"The acquisitions of these high-quality institutional assets represent a strategic transaction for the REIT and provide AFFO accretion. The assets offer significant growth potential and substantially increase PROREIT's exposure to the industrial sector across key markets. The acquisitions also demonstrate the REIT’s continued success and ability to source and acquire assets in the highly competitive industrial segment where we are focused,” said James Beckerleg, CEO.
The Atlantic Canada Acquisition portfolio includes 14 industrial assets strategically located within Halifax's most sought-after ind
