Dundee REIT completes US$2.3 billion sale of Eastern portfolio to GE Real Estate

On August 24, 2007, Dundee Real Estate Investment Trust announced that it had completed the sale of its Eastern real estate portfolio and related assets to GE Real Estate for a total purchase price of $2.3 billion, including cash proceeds of $1.4 billion. Bill Orr and Dan Batista of Fasken Martineau advised the special committee of Dundee REIT in this transaction.