On October 8, 2020, Dream Hard Asset Alternatives Trust completed its $120 million green loan for its Sussex Centre complex located in Mississauga. The green loan was signed with HSBC Bank Canada and is compliant with the Loan Market Association’s Green Loan Principles. Green loans are offered to finance projects with strong environmental benefits such as fighting climate change, optimizing energy efficiency and reducing the impacts of greenhouse gas. The completion of the green loan displays Dream’s commitment to sustainability and innovation within real estate.
The Sussex Centre, built in 1989, hosts two office buildings totaling 651,000 square feet. The building is co-owned by Dream Office REIT and Dream Alternatives and holds a BOMA BEST Gold certification along with a Silver certification under the Canada Green Building Council’s Leadership in Energy and Environmental Design. Investments are also being made into the building that will lower its carbon and energy footprint.
Dream Hard Asset Alternatives Trust specializes in providing investors with a portfolio of high quality real estate development opportunities and alternative assets that would otherwise not be available in a public and fully transparent vehicle.
Osler, Hoskin & Harcourt LLP advised Dream Hard Asset Alternatives Trust with a team consisting of Stella Di Cresce and Sandy Yeung (Real Estate).