The Canadian real estate investment trust listed in Toronto and Frankfurt holds a pan-European real estate portfolio consisting of over 200 office and light industrial assets located in Germany, Austria, Belgium and the Netherlands. A large part of the portfolio is located in the Netherlands, and is under management of Merin. The all-cash transaction is valued at CAD 6.2 bn (appr. EUR 4.2 bn) and is subject to customary conditions. It has closed on 10 December 2019.