23:24:20 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Dream Office Real Estate Investment Trust
Symbol D
Shares Issued 108,583,683
Close 2017-01-23 C$ 19.48
Market Cap C$ 2,115,210,145
Recent Sedar Documents

Dream Office discloses $200M portfolio disposition

2017-01-24 11:40 ET - News Release

Ms. Jane Gavan reports

DREAM OFFICE REIT REPORTS DISPOSITIONS IN ALBERTA

In response to recent news media reports and at the request of the Investment Industry Regulatory Organization of Canada, on behalf of the Toronto Stock Exchange, Dream Office Real Estate Investment Trust has noted that it has entered into agreements to sell a portfolio of 12 properties in Alberta totalling approximately 1.5 million square feet of gross leasable area to a third party for gross proceeds of approximately $200-million. The transaction remains subject to regulatory approvals and is expected to close in the first quarter of 2017. Dream Office continues to pursue its previously announced strategic plan and will provide further updates on its progress with the release of its fourth quarter financial results on Feb. 23, 2017.

Dream Office's portfolio currently comprises approximately 20.8 million square feet of gross leasable area in major urban centres across Canada.

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