Dream Industrial REIT completed the acquisition of four Spanish limited liability companies for $850m.

Dream Industrial REIT, a real estate investment trust, completed the acquisition of four Spanish limited liability companies for $850m. “This transaction allows us to gain significant scale in strong European industrial markets and accelerate our long-term capital allocation targets in the region. Since announcing our European expansion in early 2020, we have amassed one of the largest publicly traded European logistics portfolios globally, and are well-positioned for strong organic growth, which should drive solid FFO and net asset value per unit growth for our unitholders. Following this transaction, Dream Industrial will own a $5bn portfolio of high-quality, well-diversified assets located in some of the most sought-after logistics markets in the world," Brian Pauls, Dream Industrial REIT CEO.