Allied Properties Real Estate Investment Trust (TSX:AP.UN) has priced and upsized its Offering to 40,000,000 units at $10.00 each, totaling $400,000,000. The Private Placement with AIMCo for 16,000,000 units brings expected gross proceeds to approximately $560,000,000. The Offering is led by Scotiabank, CIBC, and RBC with a 30-day option for additional units. The units will be listed on the TSX and offered in Canada. The net proceeds will be used to repay debts. Detailed information is available on SEDAR+. Allied’s mission is to provide sustainable workspace for knowledge-based organizations.

Read more at GlobeNewswire: Allied Announces Pricing and Upsizing of Previously