Dundee REIT Acquires 720 Bay Street in Toronto

On September 1, 2009, a subsidiary of Dundee REIT completed the acquisition from Richlore Construction Limited of Richlore's remaining 50 per cent undivided interest in an office building municipally known as 720 Bay Street in Toronto, Ontario for approximately $25.4 million.

Dundee REIT was represented by George Valentini, Janice Bayani and Suzanne Herceg (real estate) of the Toronto office of Osler, Hoskin & Harcourt LLP.

Richlore was represented by David Kutner, Robert Beattie and Robyn Kestenberg of Minden Gross LLP.