Clark Wilson acted as Canadian counsel for Pure Industrial Real Estate Trust (PIRET) in their acquisition of a 10-property industrial portfolio in the US. The transaction, with a value of US $205M, included properties in California, Florida, North Carolina, New Jersey, Illinois, Louisiana, and Texas and involved bridge financing from the Bank of Montreal. Greenburg Traurig LLP acted for PIRET in the US. Davies Ward Phillips & Vineberg LLP and Morgan, Lewis and Bockius LLP acted for the Bank of Montreal in Canada and the US, respectively. James Speakman and Rosemary John comprised Clark Wilson’s team on the transaction. Learn more.
Related Content
TSX and TSXV Provide Additional Guidance on Rights Offerings
In December 2015, the Canadian Securities Administrators (the “CSA”) adopted amendments to the rights offering regime to make it easier for issuers to utilize rights ... Continued
Glen Boswall advises developers and contractors on building defect warranties and tort liabilities
In "How Long Am I On the Hook for Building Defects?", Glen Boswall of our Construction Group outlines how long contractors and developers may be ... Continued
Duty of Good Faith and Honest Performance Extended to All Contracts in Canada
On November 13, 2014, the Supreme Court of Canada updated Canadian common law by extending for the first time the principle of good faith to ... Continued