Granite REIT to Raise C$800 Million Through Debenture Offering
Granite Real Estate Investment Trust (Granite REIT) has announced plans to offer C$800 million in debentures to support its growth strategy.
Real Estate Investment TrustGranite ReitDebenture OfferingIndustrial PropertiesLogistics PropertiesReal Estate NewsOct 02, 2024
Granite REIT has been actively expanding its portfolio through strategic acquisitions and property developments. The trust has a strong track record of delivering solid returns to its investors, driven by its focus on high-quality properties and its experienced management team.
In other recent news, Granite REIT has also been investing in property improvements to enhance the value of its existing portfolio. The trust has been working to upgrade its properties to meet the evolving needs of its tenants, which include major e-commerce companies and logistics providers.
The debenture offering is expected to be completed in the coming weeks, subject to market conditions. Granite REIT has appointed a syndicate of underwriters to lead the offering, which will be made available to accredited investors.
Granite REIT is a Canadian-based real estate investment trust that focuses on investing in industrial, warehouse, and logistics properties in North America and Europe. The trust is listed on the Toronto Stock Exchange and has a market capitalization of over C$4 billion.
About Granite REIT Granite REIT is a Canadian-based real estate investment trust that focuses on investing in industrial, warehouse, and logistics properties in North America and Europe. The trust is committed to delivering strong returns to its investors through its focus on high-quality properties and its experienced management team.
Granite REIT is a Canadian-based real estate investment trust that focuses on investing in industrial, warehouse, and logistics properties in North America and Europe. The trust is listed on the Toronto Stock Exchange and has a market capitalization of over C$4 billion.
Information Granite REIT has been actively expanding its portfolio through strategic acquisitions and property developments. The trust has a strong track record of delivering solid returns to its investors, driven by its focus on high-quality properties and its experienced management team.
Tags real estate investment trust, Granite REIT, debenture offering, industrial properties, logistics properties
FAQs
Q What is Granite REIT planning to use the proceeds from the debenture offering for?
A Granite REIT plans to use the proceeds from the offering to fund its ongoing expansion efforts.
Q What type of properties does Granite REIT focus on investing in?
A Granite REIT focuses on investing in industrial, warehouse, and logistics properties in North America and Europe.
Q Who is leading the debenture offering?
A A syndicate of underwriters has been appointed to lead the offering.
Q What is the expected completion date of the debenture offering?
A The offering is expected to be completed in the coming weeks, subject to market conditions.
Q What is the market capitalization of Granite REIT?
A Granite REIT has a market capitalization of over C$4 billion.
Frequently Asked Questions
What is Granite REIT planning to use the proceeds from the debenture offering for?
Granite REIT plans to use the proceeds from the offering to fund its ongoing expansion efforts.
What type of properties does Granite REIT focus on investing in?
Granite REIT focuses on investing in industrial, warehouse, and logistics properties in North America and Europe.
Who is leading the debenture offering?
A syndicate of underwriters has been appointed to lead the offering.
What is the expected completion date of the debenture offering?
The offering is expected to be completed in the coming weeks, subject to market conditions.
What is the market capitalization of Granite REIT?
Granite REIT has a market capitalization of over C$4 billion.
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