Osler, Hoskin & Harcourt LLP and PwC Société d’Avocats advised Dream Industrial REIT on the acquisition.
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.
The Osler, Hoskin & Harcourt team consisted of Desmond Lee (Picture, 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).
The PwC Société d’Avocats team included Bruno Lunghi, Charles-Hubert Vanoverberghe, Alban Viot, Sixtine Cotton, avocats.
Involved fees earner: Firoz Ahmed – Osler Hoskin & Harcourt; Jennifer Cao – Osler Hoskin & Harcourt; Samuel Cohen – Osler Hoskin & Harcourt; Wesley Cohen – Osler Hoskin & Harcourt; Timothy Hughes – Osler Hoskin & Harcourt; Michael Innes – Osler Hoskin & Harcourt; Desmond Lee – Osler Hoskin & Harcourt; Sandra Malcolm – Osler Hoskin & Harcourt; Douglas Marshall – Osler Hoskin & Harcourt; Jesany Michel – Osler Hoskin & Harcourt; Jack Silverson – Osler Hoskin & Harcourt; Kelsey Weiner – Osler Hoskin & Harcourt; Sixtine Cotton – PwC Tax & Legal; Bruno Lunghi – PwC Tax & Legal; Charles-Hubert Vanoverberghe – PwC Tax & Legal; Alban Viot – PwC Tax & Legal;
Clients: Dream Industrial REIT;