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GO REIT Buys H&R REIT for C$3.4B

11 Aug

Summary

GO REIT acquires H&R REIT in a C$3.4 billion deal.
The transaction includes cash and units, valuing H&R equity.
Blackstone Inc. backs the acquiring GO Residential Real Estate Investment Trust.

GO Residential Real Estate Investment Trust has entered into an agreement to purchase H&R Real Estate Investment Trust. This acquisition, supported by a group of investors including Blackstone Inc., is valued at C$3.4 billion. The deal encompasses both cash and unit considerations for H&R's equity.

The transaction is set to significantly impact Canada's real estate investment landscape, particularly within the apartment building sector. GO REIT's acquisition of H&R REIT marks a substantial consolidation, underlining investor confidence in the Canadian property market.

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