Dream Industrial REIT has confirmed that it is in advanced discussions with a third party with regards to the acquisition of shares of a corporation that owns a portfolio of 31 institutional-quality logistics properties across Europe valued at approximately €880 million ($1.1 billion).
The properties are primarily located in Germany, the Netherlands and France. The portfolio totals approximately 8.9 million square feet, is 100 percent occupied, has a 5.3-year weighted average lease term and has an average clear height of approximately 35 feet. The portfolio also has significant excess land, offering intensification opportunities in excess of 1 million square feet. All the assets are well located in their respective geographies, with easy access to transportation networks and are well poised for growth in income and value.
On Jan. 22, 2020, Dream Industrial REIT announced its expansion into the European light industrial and logistics market by leveraging Dream’s exi
