Dream Office Real Estate Investment Trust T.D.UN

Wake up

[colombuss]

Ti wake up people this needs its own thread.

Kering paid 1,3 billion euros for the whole building, because off its prime luxury bottom component.

5000 sqm off tetail.

Calculate the sqm price on that.

Its 260.000 euros pr sqm, off retail.

Oh yes they got offices to,  ut thats n ot what they bought it for.

Does this get attention? Retail, luxury, is the new gold.

[colombuss]

https://www.kering.com/en/news/acquisition-of-an-iconic-building-via-monte-napoleone-in-milan/

[colombuss]

https://www.ft.com/content/abe51c7f-39f1-4aca-b5b6-3a00f2cd2cc9

[colombuss]

And blackstone got the asset in 2018 by buying a broad reit that included nearly all asset classes. For 1,1. Talk about a conglomerate discount.

[colombuss]

This is how close i could get: The focal point of the neighbourhood is undoubtedly the intersection of Yonge and Dundas, where a major public square and the Eaton Centre shopping mall pull in the crowds.

[colombuss]

https://leasing.dream.ca/building/137-yonge-street-and-74-victoria-street/ I guess Its not relevant for Dream Office  hardly prime retail

[colombuss]

Back in play, as prime luxury? is accurate as of the date of publication. Any factual errors in the article will be corrected as promptly as possible. A link to the article was sent to Dream’s Investor Relations representative at the time of publication. Impact insiders may disagree with my opinions, but with a -72% cumulative total return and units trading at an 82% discount to NAV they are

[colombuss]

Sorry read on report below, cant be copied. But yonge is a prime development play for Dream

[EstevanOutsider]

I think the H&R deal this year on Dockside Drive in d/t Toronto for $485 per square foot ($285 million overall) and the Bay Street deal in early 2023 from Dream Office ($590 psf) is more relevant. We can also look at other deals such as the one Morguard did a few weeks ago in d/t Ottawa at 181 queen street for around $500 psf or $121 milllion in my view, it's pretty crazy that dream d/t

[colombuss]

It is, but with the development potential surfacing, I believe we could achieve a premium valuation 

[Frankie10]

I really hope you're right about selling 438... we have had properties listed for sale for quite some time... an injection of liquidity would be very welcomed from my perspective as a unitholder -- I can only imagine how many others would like to see debt come down... that said, if we sell 438, who's to say Cooper dosnt flip the NCIB back on to drive up the price on Samir/Artis/Sandpiper?

[matt2018]

pretty sad market state when a Class A renovated office building on University Ave in DT toronto is considered high valuation at $500 psf when a condo in the suburbs sells for $1000 psf.

[colombuss]

Yes 500 is nothing, also compared to replacement value. And other capital cities. In 1 or 2 years real rents will rise again. Somebody is going to laugh, the whole way to the bank. This reit is in high risk off a takeover offer, as reports below shows.