VANCOUVER, Sept. 20, 2012 /CNW/ - Pure Industrial Real Estate Trust
("PIRET" or the "REIT") (TSX: AAR.UN) is pleased to announce that its
trustees have appointed and PIRET has entered into an employment
agreement, effective October 14, 2012 (the "Effective Date"), with
Kevan Gorrie to be President of the REIT.
Mr. Gorrie was most recently Vice President, Industrial, of Oxford
Properties, where he led Oxford's $900 million industrial business,
comprising 13 million square feet of income-producing properties and
development projects across key Canadian industrial markets. His role
encompassed acquisition, asset management, leasing, operations and
development. Prior to joining Oxford, Mr. Gorrie was Vice President of
a leading domestic real estate firm, where he was involved in
acquisitions totaling nearly $500 million. Mr. Gorrie has been involved
with real estate in Canada for the past fifteen years and is a graduate
of the Civil Engineering program at the University of Toronto.
Steve Evans, Co-CEO and a Trustee of PIRET, commented on the
appointment: "We are really pleased to have Kevan joining us as our
President. He brings significant experience and expertise in the
industrial markets and we look forward to him leading our existing
asset management, property management and acquisitions teams in the
years to come."
About Pure Industrial Real Estate Trust (PIRET)
PIRET is an unincorporated, open-ended investment trust established for
the purposes of acquiring, owning and operating a diversified portfolio
of income-producing industrial properties in primary markets across
Canada. PIRET focuses exclusively on investing in industrial properties
and is the only publicly traded REIT in Canada that offers investors
exclusive exposure to Canada's industrial asset class.
Additional information about PIRET is available at www.piret.ca or www.sedar.com.
The Toronto Stock Exchange has not reviewed nor approved the contents of
this press release and does not accept responsibility for the adequacy
or accuracy of this press release.
SOURCE: Pure Industrial Real Estate Trust (PIRET)
For further information:
Director of Investor Relations
Pure Industrial Real Estate Trust (PIRET)
Suite 910, 925 West Georgia Street
Vancouver, BC V6C 3L2
Phone: (604) 681-5959 or (888) 681-5959