RE: RE: Dundee closing in on Scotia Plaza If Dundee is the successful bidder for Scotia Plaza it is unlikely ROI will be one of the partners. Given their current redemption freeze it would appear ROI funds do not have substantial amounts of cash on hand for investment. Much more likely that partners will be large pension funds such as OMERS, Teachers, or the CPPIB.
While I have liked their other deals, including buying Whiterock!, I would prefer to see Dundee lose this one - the cap rate will be too low to be an attractive accretive deal for D.UN, although I agree it could result in a re-rating/reassessment of the attractivenes of Dundee for analysts and institutional investors and may be good for the D.UN share price.