KingSett to buy 50 pct of Scotia Plaza from Dream Office, H&R REIT: Reuters
Real estate-focused private equity firm KingSett Capital is set to acquire 50 percent of Scotia Plaza, Canada's second tallest office building, from Dream Office REIT and H&R REIT, sources told Reuters. The potential sale comes about four years after Dream Office REIT, then called Dundee REIT, acquired two-thirds of the 2 million square-foot Scotia Plaza complex. H&R REIT bought the rest. The total sale price was about $1.3 billion.
6 June 2016•2 mins read
