DREAM OFFICE REIT COMPLETES $1.4 BILLION SALE OF PROPERTIES TO EXISTING CO-OWNERS AND KINGSETT
TORONTO, September 8, 2017, DREAM OFFICE REAL ESTATE INVESTMENT TRUST (D.UN-TSX) (“Dream Office REIT”, the “Trust” or “our”) provided an update today that the previously announced agreements to sell the Trust’s 50% interest in Scotia Plaza and 100 Yonge Street to its existing co-owners and a portfolio of other assets to KingSett Real Estate Growth LP No. 6 (“KingSett”), for an aggregate gross disposition price of approximately $1.4 billion have closed on August 23, 2017 and September 8, 2017, respectively.
About Dream Office REIT
Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT is focused on owning, leasing and managing well-located, high-quality office properties. For more information, please visit our website at www.dreamofficereit.ca.