The Globe and Mail reports in its Friday, June 17, edition that unnamed sources say Dream Industrial Real Estate
Investment Trust has held talks
with potential suitors to explore
the prospect of selling itself.
A Reuters dispatch to The Globe reports that sources say possible buyers could include
asset managers, pension funds,
private equity firms, insurers and
real estate companies.
The sources did not disclose
the names of the potential buyers
Dream Industrial held talks with.
Sources say there has been a
disconnect between the price
expectations of sellers and
buyers, so it is not clear if any
deal will be reached.
Players who have shown interest
in industrial properties include
entities backed by
Brookfield Asset Management, Canada Pension Plan Investment
Board and Alberta Investment
Management (AIMCo). Pure Industrial Real
Estate Trust could also be interested,
says one source.
Reuters says Dream Industrial, Brookfield
and AIMCo did not respond to
requests seeking comment.
As well, CPPIB declined comment.
Pure Industrial on Wednesday raised $149.8-million in a bought deal and said its plans for the money included repaying debt and financing acquisitions.
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