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Slate Asset Management Announces Acquisition Of Approximately 800 Acres Of Industrial Land And Buildings In Hamilton, Ontario From Stelco Inc.

Jun 01, 2022•over 3 years ago

Acquiring Company

Slate Asset Management

Acquired Company

BUILDINGS

TorontoFintechFinance

Description

Slate Asset Management (“Slate” or “the firm”), a global alternative investment platform targeting real assets, announced today the acquisition of approximately 800 acres of industrial land and buildings in Hamilton, Ontario from Stelco Inc. (“Stelco”). Slate plans to redevelop the site into a world-class industrial park with the potential to create up to 23,000 new jobs across the Greater Toronto & Hamilton Area and inject up to $3.8 billion into Ontario’s economy, according to an economic study conducted by EY.

Company Information

Company

Slate Asset Management

Location

Toronto, Ontario, Canada

About

Slate Asset Management is a global alternative investment platform focused on real estate. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate’s platform spans a range of investment strategies, including opportunistic, value add, core plus and debt investments. We are supported by exceptional people and flexible capital, which enables us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more.

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M&A Insights

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Tech stack consolidation
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