Slate Office REIT inducts seven properties across Canada for CAD191 million

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Slate Office REIT has completed a previously announced acquisition of seven properties located in the Greater Toronto Area and Atlantic Canada for CAD191.4 million (USD148 million).

The purchase consideration was partially paid from proceeds of the sale of 12,778,800 subscription receipts of the REIT at a price of CAD8.10 each.

The sale, which closed on 26 January, 2018, raised gross proceeds of approximately CAD103.5 million for the REIT.

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