GIC and Dream Industrial REIT Finalize Summit Industrial Income REIT Acquisition

Posted on 02/17/2023

Singapore’s GIC Private Limited and Dream Industrial REIT closed on its deal to acquire Summit Industrial Income REIT in an all-cash transaction valued at C$ 5.9 billion, including the assumption of certain debt. On closing of the Arrangement, unitholders of the REIT received cash consideration of C$ 23.50 per unit of the REIT (the “Units”)…

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