Slate Office REIT has reached binding agreements to sell 12 industrial properties in Manitoba and three retail properties in Newfoundland, two separate transactions worth $56.2M total. The industrial properties in Winnipeg—including 1855 Sargent Ave (above) and 891-895 Century St, a total of 516k SF—are being sold to an undisclosed purchaser for $47M. The Newfoundland retail properties (Fraser Mall in Gander, Marystown Mall and Millbrook Mall, 305k SF total) were sold to an undisclosed purchaser for $9.2M. In other news, Slate Office REIT has named Robert Armstrong its new CFO. He previously worked with Deloitte and Brookfield Asset Management.
Slate Office REIT Sells Properties in Winnipeg, Newfoundland
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Related Topics:
1855 Sargent Ave
, 891-895 Century St
, Fraser Mall
, Manitoba
, Marystown Mall
, Millbrook Mall
, Newfoundland
, Robert Armstrong
, Slate Office REIT
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