Joint venture between CPP Investments and DIR to acquire initial portfolio of Dream Industrial REIT for $805m.

Joint venture between CPP Investments and DIR, agreed to acquire initial portfolio of Dream Industrial REIT, a company that owns and operates urban logistics and distribution assets, for $805m. “This transaction is a testament to the quality of our assets, the strength of our platform, and the opportunities in the Canadian industrial market. With this transaction and joint venture with CPP Investments, we are reinforcing the intrinsic value of our assets, growing our private capital partnerships business, and unlocking an additional avenue for portfolio growth. We look forward to building on our partnership with CPP Investments and delivering market leading returns for all stakeholders,” Alexander Sannikov, Dream Industrial REIT Chief Executive Officer.