MONTRÉAL, May 13, 2025 /CNW/ - PRO Real Estate Investment Trust (TSX: PRV.UN) ("PROREIT" or the "REIT") today announced that it has entered into an agreement to acquire a 100% interest in a portfolio of six high-quality industrial properties located in Winnipeg, Manitoba totaling 678,177 square feet of GLA (the "Portfolio") for an aggregate purchase price of $96.5 million (excluding closing costs) from Parkit Enterprise Inc. (TSX.V: PKT) ("Parkit") representing approximately $142 per square foot and a mid-six percent capitalization rate, and in addition, realizing management platform synergies (the "Transaction").
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PROREIT Announces Agreement to Acquire Six Industrial Properties in Winnipeg for an Aggregate Purchase Price of $96.5 Million
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