Slate Asset Management

2023 provided a unique and dynamic backdrop for our journey towards deepening ESG integration – one full of new challenges and fresh opportunities. The ESG landscape continued to evolve at a rapid pace, with regulators, investors, lenders, and tenants increasingly focusing on ESG factors. In that context, we sharpened our focus on sustainability and resiliency to meet evolving and increasingly complex ESG mandates and deliver on the needs and expectations of our many stakeholders. Read about the progress we’ve made in advancing our ESG efforts over the last year in Slate’s 2023 ESG Report: https://bit.ly/45PfrBJ

Corktown – our design-forward, mixed-use condo development in Hamilton, ON – is an award-winning project! Corktown’s brochure designed by Vanderbrand won best brochure at the 2024 Communication Arts Design Competition, which recognizes creativity, innovation, and excellence across various mediums, including brand identity, print, digital, and environmental design. Congratulations to the entire project team for bringing the dynamic brand of this exciting new development to life. Corktown is now selling! Visit corktown.condos and 30 St. Clair Ave W, Suite 103, Toronto, ON to secure your suite today.

We’re celebrating the start of the season with a host of summertime activities for the many tenants across our portfolio. From a summer Sangria Workshop, where tenants mixed their own sangria cocktails guided by a wine sommelier, to a Pasta Workshop, where we invited two renowned chefs to teach the art of Cavatelli pasta making, we’re serving up fresh flavors and seasonal fun. To keep active this summer, we’re offering weekly exercise classes at select properties on ‘Wellness Thursdays,’ where tenants can participate in a mix of low-impact workouts and high-intensity cardio sessions. Check out some photos from our recent tenant events below! 

Slate’s Steelport development has received an Azure Magazine 2024 award in the ‘Urban Design Unbuilt Developments’ category for PUBLIC WORK's comprehensive "hybrid place" concepts that will weave together the site’s industrial heritage with the promise of a productive future. At roughly 800 acres, Steelport is an inventive reimagining of an urban waterfront in Hamilton, Ontario, that will give access and opportunity back to people and the city and connect the region to the world. We are extremely proud of our entire project team for putting forward a bold and ambitious vision to reinvent this one-of-a-kind site!

Last week, we hosted our first Public Open House for Steelport, our 800-acre industrial development in Hamilton, ON! Convening members of the local Hamilton community and beyond, we shared our vision for the project and received feedback from the surrounding community on our application for a Draft Plan of Subdivision – which outlines key details for the world-class industrial park. We are excited to be progressing the development of this one-of-a-kind site! Visit thesteelport.com to provide feedback and receive updates about opportunities to get involved.

We are pleased to share our 2023 Environmental, Social & Governance (ESG) Report, which tracks our continued journey towards deepening ESG integration across our business. As the ESG landscape continues to evolve, we are positioning ourselves to best meet the expectations of our investors, lenders, tenants, and local communities. Further advancing our ESG strategy and ambitions is our way of formalizing an approach that we believe has always been core to how we operate, and we are excited to share our progress with you in this report. Read our full 2023 ESG Report: https://bit.ly/45PfrBJ

This week, Steven Dejonckheere, Senior Vice President, Development at Slate, spoke to Saira Peesker at CBC News to discuss Slate’s plans for Steelport – an 800-acre world class industrial development park that will reimagine Hamilton’s waterfront. Steven shared: “The plan is focused on bringing in more industry and more jobs. We'd also like to see public spaces that [weave in] the heritage of the site." Steelport is projected to create up to 23,000 new jobs across the GTHA and inject up to $3.8 billion into Ontario’s economy over the next decade, according to a study by EY. Read more here: https://bit.ly/45EJQmh

Thank you to everyone who joined us in Toronto for Slate Bowl XVII, our 17th annual #SlateBowl event! Slate Bowl XVII was one of our most successful events to date, convening over 600 attendees from across the real estate industry. With the support of participating teams, we raised over $100,000 for New Haven Learning Centre, Lil E Coffee Cafe, and Harrison’s Playmakers – three organizations that are making a big impact in our communities. And big congratulations to team CBRE for emerging as this year’s Slate Bowl champions and taking home the Kevin Heiss Trophy!

Check out our new ‘Community’ webpage, which is now live! Building vibrant communities where our tenants, employees, and partners can thrive is core to what we do at Slate. Our new Community webpage captures our ethos around fostering connections and building communities – both within Slate and beyond. Learn more about our various programs and partnerships that are helping to build stronger communities in the places where we live, work, and operate at slateam.com/community. 

In a challenging financing environment, Slate has completed c. €425 million of senior debt refinancings for our European essential real estate portfolio since the start of the year. The refinancings were completed across 160 properties in three countries with three institutional lenders. In an interview with Real Estate Capital Europe, Sven Vollenbruch, Managing Director at Slate, shared: “Essential real estate is a highly resilient asset class, where we have been able to grow rents throughout the pandemic and a challenging macro-economic environment. These refinancings didn’t just happen because of our great existing relationships but because we are hands on as a sponsor. We are talking to tenants every day and making real estate more efficient. All three lenders have seen that we do what we say we are going to do.” Read more from Sven's interview with Lucy Scott: https://bit.ly/4c71MYR