Dream Industrial REIT forms joint venture with CPP Investments

Goodmans LLP is acting as independent legal counsel for the Special Committee of Dream Industrial REIT in connection with a C$805 million joint venture with the Canada Pension Plan Investment Board (“CPP Investments”) to acquire an initial portfolio.

The joint venture is backed by an aggregate equity allocation of C$1.1 billion from CPP Investments and Dream Industrial REIT, with plans to acquire an additional C$3 billion of Canadian industrial assets over time. The Transaction is expected to close in two similar-sized tranches over the course of H1 2026 and is subject to customary closing conditions.

This partnership will accelerate the growth of the REIT’s property management business and enhance its already well-diversified sources of capital.

Dream Industrial REIT is a Canada-based owner, manager, and operator with a global platform of well-located industrial assets across North America and Europe.

The CPP Investment Board is a professional investment management organization that manages the Canada Pension Plan Fund.

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