Dream Office REIT

Dream Office REIT in connection with its sale of properties to existing co-owners and Kingsett Capital

Client

Dream Office REIT

Value

$1.4 billion

Service

Real Estate

Date Closed

August 2017

Industry

REITs

Lead Office

Toronto


 

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).


Team
Stella  Di Cresce
Key Contact

Stella Di Cresce

Partner, Real Estate

Douglas  Marshall

Douglas Marshall

Partner, Corporate

Adrian  Hartog

Adrian Hartog

Partner, Real Estate

Eric Choi

Eric Choi

Associate, Real Estate

Shuli Rodal - Competition Lawyer

Shuli Rodal

Partner, Competition/Antitrust & Foreign Investment