trending Market Intelligence /marketintelligence/en/news-insights/trending/OwFleVnS4ZGCoUdP79rq9g2 content esgSubNav
In This List

Dream Global names new CFO, details property transactions

Blog

Japan M&A By the Numbers: Q1 2022

Blog

Global M&A by the Numbers: Q2 2022

Blog

SEC Climate Disclosure Requirements Heating Up: How to Take Action

Blog

Infographic 2022 Top Tech Trends Shaping Corporations


Dream Global names new CFO, details property transactions

named TamaraLawson CFO, effective May 16, replacing Rene Gulliver, who has decided topursue other career opportunities.

Lawsonjoins the REIT from Starlight Investments Ltd., where she has been the CFOsince 2012.

DreamGlobal, in reporting its first-quarter earnings, said Gulliver will remain withthe company through the second quarter to expedite the transition.

OnFeb. 29, the company acquired Werner-Eckert-Strasse14/16/18-Munich, a multitenant office building located immediatelyadjacent to one of its existing assets in Munich.

Theproperty, which is 96% occupied and has a weighted average remaining lease termof 5.6 years, was bought for C$23.2 million at a cap rate of 6.1%. The companyfinanced the property with a seven-year mortgage at a fixed rate of 1.07%.

Duringthe first quarter, Dream Global sold six properties as part of its continuingcapital recycling program for an aggregate sales price of C$10.0 million.

Asat March 31, 13 properties were held for sale for an aggregate sales price ofC$33.4 million, the company noted.