Slate Office REIT Announces Sale of Industrial Property in Winnipeg
27 Mai 2015 - 3:31PM
PR Newswire (Canada)
TORONTO, May 27, 2015 /CNW/ - Slate Office REIT (the
"REIT") (TSX: SOT.UN) today announced that it has entered into a
binding agreement to sell 110 Lowson Crescent in Winnipeg, Manitoba to an undisclosed purchaser
for $6.7 million ($110 per square foot). The disposition is
expected to be completed in second quarter 2015 and remains subject
to customary closing conditions.
Slate Asset Management LP ("Slate") is the REIT's manager.
About Slate Office REIT
Slate Office REIT is an open-ended real estate investment trust
listed on the Toronto Stock Exchange as "SOT.UN". The REIT's
portfolio comprises strategic and well-located real estate assets
located primarily across Canada's
major population centres. The REIT will concentrate future growth
on strategic acquisitions of high quality downtown and suburban
office properties. The REIT is also focused on maximizing value
through internal organic rental and occupancy growth. More
information is available at www.slateofficereit.com.
About Slate Asset Management
Slate is a leading real estate investment platform with over
$2.5 billion in assets under
management. Slate is a value-oriented company and a significant
sponsor of all its private and publicly-traded investment vehicles,
which are tailored to the unique goals and objectives of its
investors. The firm's careful and selective investment approach
creates long term value with an emphasis on capital preservation
and outsized returns. Slate is supported by exceptional people,
flexible capital and a proven ability to originate and execute on a
wide range of compelling investment opportunities. More information
is available at www.slateam.com.
SOURCE Slate Office REIT
Copyright 2015 Canada NewsWire
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