Opérations et transactions|29 août 2011
Dundee International REIT completes C$471.5 million initial public offering
Torys acted as counsel to TD Securities and the other underwriters with a team that included Simon Knowling, Rose Bailey and Rima Ramchandani in Toronto and Daniel Raglan and Peter Keenan in New York.
On August 3, 2011, Dundee International REIT (TSX: DI.UN) announced the completion of its initial public offering of units and 5.5% convertible unsecured subordinated debentures. The offering, which raised gross proceeds of C$410 million, comprised C$270 million of units and C$140 million of debentures. The gross proceeds of the offering were used to finance a portion of the C$1 billion purchase price for 292 office, logistics and other commercial properties located across Germany, comprising 12.3 million square feet of gross leasable area leased primarily to Deutsche Post.
The underwriters exercised their over-allotment option on August 29, 2011 and purchased an additional C$61.5 million worth of units and debentures, for total gross proceeds of C$471.5 million. The offering was underwritten by a syndicate of underwriters led by TD Securities Inc.
Dundee International REIT is the first Canadian REIT created to invest in commercial real estate exclusively outside of Canada.
Further information can be found on Marketwire's website.
The underwriters exercised their over-allotment option on August 29, 2011 and purchased an additional C$61.5 million worth of units and debentures, for total gross proceeds of C$471.5 million. The offering was underwritten by a syndicate of underwriters led by TD Securities Inc.
Dundee International REIT is the first Canadian REIT created to invest in commercial real estate exclusively outside of Canada.
Further information can be found on Marketwire's website.