Greenberg Traurig (GT) advised Canadian Dream Industrial Real Estate Investment Trust (REIT) on the acquisition of a corporate group holding a portfolio of 31 logistics properties in Europe. The purchase price for the properties, which are in Germany, France, Spain, the Netherlands, the Czech Republic, and Slovakia, is 882 million Euros. The seller is Clarion Europe.
The cross-border GT team from Germany, the United Kingdom and the Netherlands advised Dream as European lead counsel comprehensively on all legal aspects of the transaction by way of a share deal. The advice also included support for capital market measures of the company, which is listed on the Toronto Stock Exchange.
According to Dream, this acquisition is consistent with its strategy to add high-quality assets in strong European industrial markets, while improving portfolio quality, scale and diversification.
Background: GT has advised Dream since its European market entry in 2011, and following Blackstone's acquisition of Dream Global REIT in 2019 for 4.2 billion Euros, the GT team is advising Dream Industrial REIT on its European expansion in the "Industrial/Logistics" sector.
About Greenberg Traurig: Greenberg Traurig, LLP (GT), has approximately 2200 attorneys in 40 locations in the United States, Latin America, Europe, Asia, and the Middle East. GT has been recognized for its philanthropic giving, diversity, and innovation, and is consistently among the largest firms in the U.S. on the Law360 400 and among the Top 20 on the Am Law Global 100. The firm is net carbon neutral with respect to its office energy usage and Mansfield Rule 3.0 Certified. Web: www.gtlaw.com
The cross-border GT team from Germany, the United Kingdom and the Netherlands advised Dream as European lead counsel comprehensively on all legal aspects of the transaction by way of a share deal. The advice also included support for capital market measures of the company, which is listed on the Toronto Stock Exchange.
According to Dream, this acquisition is consistent with its strategy to add high-quality assets in strong European industrial markets, while improving portfolio quality, scale and diversification.
Background: GT has advised Dream since its European market entry in 2011, and following Blackstone's acquisition of Dream Global REIT in 2019 for 4.2 billion Euros, the GT team is advising Dream Industrial REIT on its European expansion in the "Industrial/Logistics" sector.