Dream Global REIT

Dream Global REIT in its approximately $903 million transaction relating to a 135 property portfolio in the Netherlands

Client

Dream Global REIT

Value

$903 million

Service

Mergers and Acquisitions

Date Closed

July 2017

Industry

REITs

Lead Office

Toronto


 

On July 17, 2017, Dream Global REIT announced that it had entered into a sale and purchase agreement relating to a portfolio of 135 office and light industrial properties located in the Netherlands with a total purchase price of approximately $903 million. The purchase price was satisfied in cash, to be funded by the proceeds of a $300 million public offering of units in Canada and a €375 million offering of Senior Notes in Europe, and with €60 million of units of Dream Global REIT.

Dream Global REIT is an unincorporated, open-ended real estate investment trust that provides investors with the opportunity to invest in commercial real estate exclusively outside of Canada. Dream Global REIT's portfolio currently consists of approximately 13.6 million square feet of gross leasable area of office, industrial and mixed-use properties across Germany, Austria and Belgium.

Osler, Hoskin & Harcourt LLP represented Dream Global REIT with a team consisting of Doug Marshall, Desmond Lee, Amelia Miao and Andrew Irwin (Corporate) in Toronto, Rob Lando, Amma Anaman (Corporate), Jennifer Lee, Ramin Wright and Julie Geng (Tax) in New York, and Sam Cohen and Yves Remillard (Translation) in Montreal.


Team
Douglas  Marshall
Key Contact

Douglas Marshall

Partner, Corporate

Desmond Lee

Desmond Lee

Partner, Corporate

Amelia  Miao

Amelia Miao

Associate, Corporate

Andrew Irwin

Andrew Irwin

Associate, Emerging and High Growth Companies

Rob Lando

Rob Lando

Partner, Corporate

Jennifer Lee

Jennifer Lee

Partner, Taxation

Samuel  Cohen

Samuel Cohen

Associate, Translation