Inovalis Real Estate Investment Trust (TSX:INO.UN) entered in a purchase agreement to acquire Le Gaia for €40 million on January 21, 2022. Inovalis Real Estate Investment Trust will deploy €22.65 million cash from balance sheet for the acquisition of Le Gaia. The transaction is expected to close at the end of March 2022.

Inovalis Real Estate Investment Trust (TSX:INO.UN) completed the acquisition of Le Gaia on March 28, 2022.