Dream Global REIT

Dream Global REIT in its $6.2 billion acquisition by Blackstone


Dream Global REIT


$6.2 billion


Mergers and Acquisitions

Date Closed

December 2019



Lead Office



On September 15, 2019, Dream Global REIT announced that it had entered into a master acquisition agreement with affiliates of real estate funds managed by Blackstone, pursuant to which Blackstone will acquire all of Dream Global’s subsidiaries and assets in an all-cash transaction valued at $6.2 billion. On closing of the transaction, Dream Global unitholders will receive cash consideration of $16.79 per Dream Global unit.

Dream Global REIT is an owner and operator of a diversified high-quality portfolio of office and industrial properties located in key markets in Western Europe with a focus on Germany and the Netherlands. The REIT’s in-house platform comprises over 140 local leasing, property management, asset management and development professionals operating out of 13 offices in Europe and North America.

Blackstone is one of the world’s leading investment firms. Blackstone's businesses, with $545 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis.

Osler, Hoskin & Harcourt LLP advised Dream Global REIT with a team led by Doug Marshall and consisting of Alex Gorka, Amelia Miao, Jessica Thomson (Corporate), Firoz Ahmed, Jack Silverson, David Davachi, Masoud Tasharofi (Tax), Shuli Rodal (Competition/Antitrust & Foreign Investment) and Lynne Lacoursiere (Benefits).