Dream Industrial REIT

Dream Industrial REIT in its $850 million European logistics portfolio acquisition and associated financing


Dream Industrial REIT


$850 million


Mergers and Acquisitions

Date Closed

June 2021


Real Estate

Lead Office



On June 24, 2021, Dream Industrial REIT completed its acquisition of an 8.9 million square foot European logistics portfolio. The transaction consists of an acquisition of shares of a corporation owning a portfolio of 31 institutional logistics properties throughout Europe for $850 million. The transaction was financed by cash, the proceeds raised in the company’s $287.5 million subscription receipts offering and a portion of the proceeds from the $800 million unsecured debenture offering. The acquisition allows Dream Industrial REIT to accelerate its European expansion strategy and establishes a pan-European real estate platform.

Dream Industrial REIT is a real estate investment trust specialized in geographically diversified industrial properties across North America.

Osler, Hoskin & Harcourt LLP advised Dream Industrial REIT with a team consisting of Desmond Lee (Equity Capital Markets), Michael Innes (Debt Capital Markets), Doug Marshall (Mergers & Acquisitions), Sandra Malcolm, Jennifer Cao, Jesany Killam-Michel, Kelsey Weiner, Wesley Cohen, Shruti Chowdhry (Corporate), Firoz Ahmed, Jack Silverson, Timothy Hughes (Tax), and Samuel Cohen (Translation).