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TORONTO — Granite Actual Property Funding Belief (“Granite” or the “REIT”) (TSX: GRT.UN / NYSE: GRP.U) introduced as we speak that it has closed its beforehand introduced public providing (the “Providing”) of three,979,000 stapled items (the “Models”), inclusive of 519,000 Models issued pursuant to the train in filled with the over-allotment choice, at a value of C$79.50 per Unit for whole gross proceeds of C$316,330,500.
The Providing was carried out on a purchased deal foundation by means of a syndicate of underwriters co-led by BMO Capital Markets and TD Securities Inc.
Granite intends to make use of the online proceeds from the Providing to fund the REIT’s acquisition pipeline and commitments beneath the REIT’s present growth tasks and for common belief functions.
ABOUT GRANITE
Granite is a Canadian-based REIT engaged within the acquisition, growth, possession and administration of logistics, warehouse and industrial properties in North America and Europe. Granite owns 115 funding properties representing roughly 50.4 million sq. ft of gross leasable space.
OTHER INFORMATION
Copies of monetary knowledge and different publicly filed paperwork about Granite can be found by means of the web on the Canadian Securities Directors’ Programs for Digital Doc Evaluation and Retrieval (SEDAR) which might be accessed at www.sedar.com and on america Securities and Change Fee’s Digital Information Gathering, Evaluation and Retrieval System (EDGAR) which might be accessed at www.sec.gov.
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For additional info, please see our web site at www.granitereit.com or contact Teresa Neto, Chief Monetary Officer, at 647-925-7560 or Andrea Sanelli, Supervisor, Authorized & Investor Providers, at 647-925-7504.
FORWARD LOOKING STATEMENTS
This press launch could comprise statements that, to the extent they aren’t recitations of historic truth, represent “forward-looking statements” or “forward-looking info” throughout the that means of relevant securities laws, together with america Securities Act of 1933, as amended, america Securities Change Act of 1934, as amended, and relevant Canadian securities laws. Ahead-looking statements and forward-looking info could embrace, amongst others, statements concerning the Granite’s meant use of the online proceeds of the Providing to fund the REIT’s acquisition pipeline, commitments beneath the REIT’s present growth tasks and for common belief functions, Granite’s intention and talent to make future investments and acquisitions on passable phrases and Granite’s plans, objectives, methods, intentions, beliefs, estimates, prices, aims, financial efficiency, expectations, or foresight or the assumptions underlying any of the foregoing. Phrases akin to “could”, “would”, “might”, “will”, “doubtless”, “anticipate”, “anticipate”, “imagine”, “intend”, “plan”, “forecast”, “undertaking”, “estimate”, “search”, “goal” and comparable expressions are used to determine forward-looking statements and forward-looking info. Ahead-looking statements and forward-looking info shouldn’t be learn as ensures of Granite’s meant use of the online proceeds of the Providing, Granite’s intention and talent to amass and develop properties on passable phrases, or different occasions, efficiency or outcomes and won’t essentially be correct indications of whether or not or the instances at or by which future occasions or efficiency might be achieved. Undue reliance shouldn’t be positioned on such statements. Ahead-looking statements and forward-looking info are primarily based on info obtainable on the time and/or administration’s good religion assumptions and analyses made in gentle of its notion of historic traits, present circumstances and anticipated future developments, in addition to different elements administration believes are acceptable within the circumstances, and are topic to recognized and unknown dangers, uncertainties and different unpredictable elements, a lot of that are past Granite’s management, that would trigger precise occasions or outcomes to vary materially from such forward-looking statements and forward-looking info. Necessary elements that would trigger such variations embrace, however are usually not restricted to, the dangers set forth within the annual info type of Granite Actual Property Funding Belief and Granite REIT Inc. dated March 3, 2021 (the “Annual Info Type”). The “Danger Elements” part of the Annual Info Type additionally comprise details about the fabric elements or assumptions underlying such forward-looking statements and forward-looking info. Ahead-looking statements and forward-looking info converse solely as of the date the statements and data had been made and except in any other case required by relevant securities legal guidelines, Granite expressly disclaims any intention and undertakes no obligation to replace or revise any forward-looking statements or forward-looking info contained on this press launch to mirror subsequent info, occasions or circumstances or in any other case.
View supply model on businesswire.com: https://www.businesswire.com/news/home/20210609005512/en/
Contacts
Teresa Neto
Chief Monetary Officer
647-925-7560
Andrea Sanelli
Supervisor, Authorized & Investor Providers
647-925-7504