Dream Industrial buys KingSett Capital's industrial properties for $94.7 mln
Dream Industrial REIT (TSX:DIR.UN) has agreed to acquire portfolios totaling 1.35 million square feet of industrial properties for approximately $128 million. The deal, which is expected to close in September, includes 1.1 million square feet of single and multi-tenant light industrial properties in Calgary, Toronto and Montréal being sold by Canadian real estate-focused private equity firm KingSett Capital. The deal involving the Toronto-based KingSett is valued at $94.7 million. Founded in 2020, KingSett says it has completed $16 million of transactions.
15 August 2014•6 mins read
