BRIEF-Pure Industrial Real Estate Trust offering $110 mln of trust units

Mon Jun 6, 2016 4:41pm EDT
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June 6 (Reuters) - Pure Industrial Real Estate Trust

* Pure Industrial Real Estate Trust announces public offering of $110 million of trust units

* To use net proceeds for repayment of existing indebtedness, to fund planned development project in Vancouver

* To use net proceeds also for tenant expansion projects in Ontario and U.S. and for general trust purposes

* Pure Industrial Real Estate Trust says entered into an agreement with underwriters, to sell, on a bought deal basis, 21.8 million units at $5.05 per unit Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)