CPP INVESTMENTS AND DREAM COMPLETE $585.8 MILLION ACQUISITION OF GTA INDUSTRIAL PORTFOLIO

What happened: CPP Investments, Dream and Dream Industrial REIT completed the acquisition of a five-asset GTA industrial portfolio for $585.8 million through their December 2025 joint venture. Key numbers: $585.8 million purchase price; 2.1 million square feet across five assets built 2020 to 2024; joint venture has deployed over $1.4 billion against a $3 billion target; Why it matters: The deal brings the joint venture close to half of its investment target, and both partners cited a pipeline of further Canadian industrial opportunities and embedded mark-to-market rental growth potential.

CPP Investments, Dream and Dream Industrial REIT completed the acquisition of a five-asset GTA industrial portfolio for $585.8 million through their December 2025 joint venture.

The deal brings the joint venture close to half of its investment target, and both partners cited a pipeline of further Canadian industrial opportunities and embedded mark-to-market rental growth potential.