Slate Office REIT (TSX:SOT.UN) (“Slate Office”) today announced that it has completed the purchase of the remaining 20% equity interest in the MTS Data Centre partnership for $5.2 million, increasing its equity ownership to 100%. The MTS Data Centre (the “Data Centre”) is a fully pre-leased development in Winnipeg, Manitoba. Occupancy and rent commenced in June 2015. The 15-year lease with...
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Slate Office REIT (“Slate Office” or the “REIT”) (TSX: SOT.UN) announced today that the Board of Trustees has declared a distribution for the month of October 2015 of C$0.0625 per trust unit of the REIT. The distribution will be payable on November 16, 2015 to unitholders of record as of the close of business on October 30, 2015. Distribution Reinvestment PlanEligible unitholders (which...
Slate Office REIT (“Slate Office” or the “REIT”) (TSX: SOT.UN) announced today that it is investing approximately $46 million to revitalize two key properties in Mississauga’s Sheridan Park, which will house SNC-Lavalin’s nuclear sector, a major long-term tenant in the park that is committing to extend its lease on a long term basis in the newly refurbished, contemporary facilities. In...
Slate Office REIT (“Slate Office” or the “REIT”) (TSX: SOT.UN) announced today that the Board of Trustees has declared a distribution for the month of September 2015 of C$0.0625 per trust unit of the REIT. The distribution will be payable on October 15, 2015 to unitholders of record as of the close of business on September 30, 2015. Distribution Reinvestment PlanEligible unitholders (which...
Slate Office REIT (the “REIT”) (TSX: SOT.UN) today announced that it has completed the sale of 505 Industrial Drive in Milton, Ontario to an undisclosed purchaser for $22.5 million. The Transaction is consistent with the REIT’s stated growth strategy and focus on office assets. Slate Management Corporation, a wholly-owned subsidiary of Slate Asset Management L.P. (“Slate”), is the REIT’s...
Conference CallDate: Friday, November 6, 2015Time: 10:30 a.m. (eastern standard time)Local: +1 647 788 4919Toll-free: +1 877 291 4570 WebcastClick to access → ReplayAvailable approximately 2 hours after the eventLocal: +1 416 621 4642Toll-free: +1 800 585 8367Access code: 72509324 Head Office121 King St W, Suite 200Toronto, ON M5H 3T9Tel: +1 416 644 4264Fax: +1 416 947...
Slate Office REIT ("Slate Office" or the "REIT") (TSX: SOT.UN) announced today that the Board of Trustees has declared a distribution for the month of August 2015 of C$0.0625 per trust unit of the REIT. The distribution will be payable on September 15, 2015 to unitholders of record as of the close of business on August 31, 2015. Distribution Reinvestment PlanEligible unitholders (which includes...
Highlights for the Quarter Completed over 184,000 square feet of leasing transactions Core - FFO per unit increased 5% compared to three months ended in the prior year Rental rates for new leases increased 15.2% above building in-place rent Rental rates for renewed leases increased 21.9% over expiring rents Completion of the $430 million Fortis Portfolio acquisition in which the REIT has a...
Slate Office REIT (“Slate Office” or the “REIT”) (TSX: SOT.UN) announced today that the Board of Trustees has declared a distribution for the month of July 2015 of C$0.0625 per trust unit of the REIT. The distribution will be payable on August 17, 2015 to unitholders of record as of the close of business on July 31, 2015. Distribution Reinvestment PlanEligible unitholders (which includes...
Slate Office REIT (the “REIT”) (TSX: SOT.UN) (TSX: SOT.WT) is pleased to announce the closing of its previously announced acquisition (the “Acquisition”) of a portfolio of 14 commercial properties (the “Portfolio”) from Fortis Properties Corporation (the “Vendor”) for an aggregate purchase price of $430 million. As part of the Acquisition, the REIT entered into a strategic co-ownership...