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Blackstone, Ivanhoe Cambridge secure $505 million loan for industrial properties

Pure Industrial's portfolio contains 37 buildings in Ontario, British Columbia, Quebec
Pure Industrial's 94,000-square-foot warehouse at 11511 No. 5 Road in Richmond, British Columbia, is part of the 37-property portfolio. (Justin Eckersall/CoStar)
Pure Industrial's 94,000-square-foot warehouse at 11511 No. 5 Road in Richmond, British Columbia, is part of the 37-property portfolio. (Justin Eckersall/CoStar)
CoStar News
October 29, 2025 | 1:20 P.M.

Blackstone and Ivanhoe Cambridge, the real estate arm of Quebec public pension giant La Caisse, have secured a $505 million loan to refinance a large portfolio of industrial properties across Canada, marking one of the country’s biggest commercial real estate financing deals this year.

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News | Blackstone, Ivanhoe Cambridge secure $505 million loan for industrial properties