Dream Global REIT completes C$97.8 million equity offering

Torys acted as counsel to the underwriters led by TD Securities with a team that included Simon Knowling, Rima Ramchandani, Robbie Leibel and Stephen Neil (corporate/securities).

On August 5, 2016, Dream Global REIT (the "Trust") announced the closing of its previously announced equity offering of units at a price of C$9.00 per unit. The syndicate of underwriters, led by TD Securities Inc., elected to exercise its over-allotment option in full, resulting in a total of 10,867,500 units being issued for total gross proceeds of C$97,807,500.

The Trust intends to use the net proceeds from the offering to partially fund the acquisition of two office properties located in Germany, to partially fund the redemption of its outstanding 5.5% convertible unsecured subordinated debentures due July 31, 2018, and for general trust purposes.

Dream Global is an unincorporated, open-ended real estate investment trust that provides investors with the opportunity to invest in commercial real estate exclusively outside of Canada. Dream Global's portfolio currently consists of approximately 13.5 million square feet of gross leasable area of office, industrial and mixed- use properties across Germany and Austria.

Further information can be found on Marketwired's website.