The REIT said it has agreed to pay $211.5-million for the 655,000 square Adelaide Place, a two tower complex in Toronto’s downtown core.

(Source: Canada.com)

Toronto-based Dundee Real Estate Investment Trust, which just over two years ago sold off most of its portfolio in Ontario, appears to be moving back into the province with renewed vigour.

The REIT said it has agreed to pay $211.5-million for the 655,000 square Adelaide Place, a two tower complex in Toronto’s downtown core. The building is being sold by the Ontario Municipal Employees Retirement System subsidiary, Oxford Properties Group.

Read Garry Marr’s full article “Dundee buys Adelaide Place for $211-million” in Canada.com (December 9, 2009).

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