Dream Global REIT closes $115M offering

CPE News

Toronto (pcJ News Briefs) – Dream Global Real Estate Investment Trust (TSX: DRG.UN; FSE: DRG) has completed previously announced equity offering of 11,983,000 units at $9.60 per unit for gross proceeds of $115,036,800.

The offering was made through a syndicate of underwriters led by TD Securities Inc.

Osler, Hoskin & Harcourt LLP and PwC Law LLP acted as legal counsels to Dream Global while Torys LLP acted for the underwriters.

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’s portfolio currently consists of approximately 13.0 million square feet of gross leasable area of office, industrial and mixed-use properties across Germany and Austria.

photo credit: Dream Global REIT