On June 20, 2016, Dream Office REIT (“Dream”) together with KingSett Capital (“KingSett”) and Alberta Investment Management Corporation (“AIMCo”) announced a new co-ownership agreement to own Scotia Plaza in connection with the sale by Dream and H&R REIT of a 50% interest in Scotia Plaza to KingSett and AIMCo for a purchase price of approximately $657,500,000.
On August 23, 2017, Dream sold its remaining 50% interest in Scotia Plaza to its existing co-owners, KingSett Capital and AIMCo, for a purchase price of approximately $750 million.
Osler, Hoskin & Harcourt LLP represented Dream with a team that included Stella Di Cresce, Adrian Hartog, Daniel Michaels, Eric Choi (Real Estate) and Doug Marshall (Corporate) and Shuli Rodal (Competition).
Key Contact
Partner, Real Estate, Toronto
Team
Partner, Corporate, Toronto
Partner, Competition/Antitrust and Foreign Investment
Chair, Diversity Committee, Toronto
Partner, Real Estate, Toronto