GIC, Dream Industrial JV to buy Canada's Summit for $3.3 bln
Source: Reuters
Nov 7 (Reuters) - A joint venture between Singapore's sovereign wealth fund GIC and Canadian industrial real estate company Dream Industrial REIT (DIR_u.TO) will acquire Canada's Summit Industrial Income REIT (SMU_u.TO) for C$4.46 billion ($3.30 billion), the companies said in a joint statement on Monday.The unitholders of Summit, which also manages industrial properties across Canada, will get C$23.50 per unit…