PROREIT agrees to buy 17 industrial properties in Quebec City, Winnipeg for CAD 136.8 million

  • PROREIT agreed to buy two industrial portfolios totaling 17 assets for an aggregate purchase price of CAD 136.8 million; closings expected in Q3 2026.
  • Québec City portfolio: 13 properties, about 613,000 square feet; purchase price CAD 112.8 million; about 91% occupied; 2.8-year weighted average lease term.
  • Winnipeg portfolio: four properties, about 160,000 square feet; purchase price CAD 24 million; about 97% occupied; 5.2-year weighted average lease term.
  • Funding plan: about CAD 47.5 million cash from equity issuance and private placement; about CAD 89.4 million from new mortgage financings.
  • Bought-deal offering of 11,150,000 trust units at CAD 6.5 for gross proceeds of about CAD 72.5 million; concurrent private placement totals CAD 21.7 million; expected to close June 10.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PRO Real Estate Investment Trust published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606031548PRIMZONEFULLFEED9731488) on June 03, 2026, and is solely responsible for the information contained therein.