Bullboard - Stock Discussion Forum Dream Industrial Real Estate Investment Trust DREUF

Primary Symbol: T.DIR.UN

Dream Industrial Real Estate Investment Trust is a Canada-based open-ended real estate investment trust. The Company owns, manages and operates a portfolio of 339 assets totaling approximately 71.9 million square feet of gross leasable area in key markets across Canada, Europe and the United States. The Company owns and operates a diversified portfolio of distribution, urban logistics and light... see more

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Dream Industrial Real Estate Investment Trust > CTC sells a large industrial property

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Post by junglejames on Nov 17, 2024 9:59am

CTC sells a large industrial property

Anyone have an insight on the purchasing party?

Canadian Tire Corp. Ltd. has signed a deal to sell an industrial property in the Greater Toronto Area for $258-million.

The company says the property in Brampton, Ont., includes 1.5 million square feet of industrial real estate that is no longer needed as a result of supply chain investments and consolidation in recent years.

The deal to sell the property comes after a competitive bid process launched in the first quarter of 2024.

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