KingSett to buy Eastern Canada industrial assets for $271 mln
KingSett Capital has agreed to acquire the Eastern Canada portfolio of Dream Industrial REIT, a Toronto-based owner and operator of industrial distribution and warehousing properties. KingSett, a Canadian real estate private equity firm, agreed to pay about $271 million. The deal is expected to close in the third quarter. The portfolio consists of 38 industrial properties, totalling about 2.8 million square feet of gross leaseable area. Based in Toronto, KingSett invests in office, retail, residential, industrial, hotel and development properties and other real estate assets.
18 June 2019•3 mins read
