Ogier advises on Dream Global transaction

Ogier has advised Dream Global Real Estate Investment Trust on the $6.2 billion transaction which saw all the REIT's subsidiaries and assets acquired by affiliates of leading global investment firm Blackstone Group Inc.

On closing the all-cash transaction on 10 December, Dream Global unitholders received cash consideration of $16.79 per Dream Global unit.

The Ogier team comprised of partner, Angus Davison, senior associate James Lydeard and associate Michael Robinson who advised Dream Global on the aspects of the transaction relating to Cayman laws with Osler, Hoskin & Harcourt LLP as lead counsel.

Angus said: "We are delighted to have worked for Dream Global and to have been able to offer our expertise on such a significant transaction."

Dream Global Real Estate Investment Trust is the owner and operator of a diversified high-quality portfolio of office and industrial properties located in key markets in Western Europe with a focus on Germany and the Netherlands. The REIT’s in-house platform comprises over 140 local leasing, property management, asset management and development professionals operating out of 13 offices in Europe and North America.

Blackstone's businesses, with $545 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis.