TORONTO–(BUSINESS WIRE)–The Board of Trustees (the “Board”) of Slate Office REIT (TSX: SOT.UN) (the “REIT”), an owner and operator of high-quality workplace real estate, announced today that it has received a unitholder requisition to call a special meeting of the REIT’s unitholders to, among other items, remove five Trustees from the Board and elect four nominees of the requisitioning unitholder in their place. The Board of the REIT will review the requisition and will provide an update in due course.

About Slate Office REIT (TSX: SOT.UN)

Slate Office REIT is a global owner and operator of high-quality workplace real estate. The REIT owns interests in and operates a portfolio of strategic and well-located real estate assets in North America and Europe. The majority of the REIT’s portfolio is comprised of government and high-quality credit tenants. The REIT acquires quality assets at a discount to replacement cost and creates value for unitholders by applying hands-on asset management strategies to grow rental revenue, extend lease term and increase occupancy. Visit slateofficereit.com to learn more.

Forward-Looking Statements

Certain information herein constitutes “forward-looking information” as defined under Canadian securities laws which reflect management’s expectations regarding objectives, plans, goals, strategies, future growth, results of operations, performance, business prospects and opportunities of the REIT. The words “plans,” “expects,” “does not expect,” “scheduled,” “estimates,” “intends,” “anticipates,” “does not anticipate,” “projects,” “believes,” or variations of such words and phrases or statements to the effect that certain actions, events or results “may,” “will,” “could,” “would,” “might,” “occur,” “be achieved,” or “continue” and similar expressions identify forward-looking statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations.

Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by management as of the date hereof, are inherently subject to significant business, economic and competitive uncertainties and contingencies. When relying on forward-looking statements to make decisions, the REIT cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements. Additional information about risks and uncertainties is contained in the filings of the REIT with securities regulators.

SOT-SA

Contacts

Investor Relations

+1 416 644 4264

ir@slateam.com

Expansion allows Siemens-owned company to tap into Waterloo regional talent for software development and engineering teams

SANTA CLARA, Calif. and KITCHENER, Ontario–(BUSINESS WIRE)–#digitaltransformation–Today Enlighted, a leading proptech company, announced the opening of its new office in Kitchener, Ontario. The new office will be a hub for technical product development teams and further the company’s global scope as it continues to develop cutting-edge IoT and sustainability solutions at the intersection of people, space and work.

“After two and a half years of the pandemic, in-office collaboration is a more critical part of hybrid working than ever before,” said Stefan Schwab, CEO, Enlighted. “As a proptech leader, we intimately understand the value in bringing together new and future talent to collaborate and ideate in person, ultimately creating a shared sense of purpose. We look forward to further tapping into the rich talent base in the Waterloo and Kitchener area to bolster our product innovation.”

Enlighted’s new office is in the Catalyst Building, a hub for Waterloo’s tech community. The Enlighted team will focus on the development of innovative smart building IoT sensors, data and software applications that enable customer productivity and real progress towards customers’ net carbon zero sustainability goals. The new office is designed to spark collaboration and innovation with a higher percentage of collaboration spaces and meeting rooms relative to other types of space.

“The Waterloo region is attracting some of the most innovative thinkers in Canada, thanks to its strong combination of established high-tech companies, active start-ups and educational institutions,” said David Wigg, Head of Software Engineering, Enlighted. “As a result, Kitchener has become a magnet for large companies who want to build engineering teams. Investing has helped us recruit some of the best minds, and access to the University of Waterloo allows us to invest in the next generation while giving our teams a real boost of talent and creativity.”

Enlighted has operated in Canada since 2019 and has grown to over 30 employees. The majority of employees will be based out of the Catalyst Building. The company has also developed strong ties with the University of Waterloo, one of Canada’s best universities for computer science and engineering. Since starting operations in Canada, Enlighted has worked with over 70 students from the university’s co-op internship program, hiring many as full-time employees. The office design and technology address the new requirements for hybrid work and uses Enlighted’s products to inform employees when is the best time to come to the office for collaboration and innovation.

About Enlighted

Enlighted is a leading proptech provider of IoT solutions at the intersection of people, space, and work. We offer a unique combination of cognitive environmental IoT sensors and lighting controls that connect to intelligent workplace experience apps, offering a singular, scalable, interoperable solution to address a spectrum of building, space, and productivity needs. Our customers leverage these solutions to enable occupant well-being, greater business efficiencies and momentum toward their sustainability goals. Enlighted is part of Building Robotics, Inc., a Siemens company. For more information, please visit us at enlightedinc.com.

Contacts

Ellen Gustafson
Enlighted PR
Ellen.gustafson@siemens.com
+1.415.505.6783

LONDON–(BUSINESS WIRE)–#AssetManagement–H.I.G. Capital, LLC (“H.I.G.”), a leading global alternative investment firm with $52 billion of equity capital under management, announced that it has hired Alessio Lucentini as Managing Director and Head of Real Estate Asset Management in Europe.

Mr. Lucentini joins H.I.G. from EQT Exeter where he was a Managing Director. Prior to EQT, he spent 16 years at AXA Real Assets where he was part of the Executive Committee. He previously worked at Cushman & Wakefield and for the real estate development company AIG/Lincoln.

Riccardo Dallolio, Managing Director and Head of H.I.G. Europe Realty Partners, commented: “We are thrilled to welcome Alessio to the team. He brings a wealth of knowledge and experience that will prove invaluable as we continue executing our differentiated real estate strategy across Europe focused on value-add investments.”

“H.I.G. has a long and successful track record investing across the real estate asset spectrum and has built a best in class real estate business in Europe,” said Mr. Lucentini. “I am delighted to join the H.I.G. Realty team and help the firm further drive value-add initiatives across Europe.”

About H.I.G. Capital

H.I.G. is a leading global alternative assets investment firm with $52 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Rio de Janeiro, São Paulo and Bogotá, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/value-added approach:

1. H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
2. H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
3. H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
4. H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.

Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.

* Based on total capital commitments managed by H.I.G. Capital and affiliates.

Contacts

Riccardo Dallolio

Managing Director

rdallolio@higrealty.com

TORONTO–(BUSINESS WIRE)–Slate Office REIT (TSX: SOT.UN) (the “REIT”), an owner and operator of high-quality workplace real estate, today announced that it has launched a comprehensive review of strategic alternatives. The REIT’s Board of Trustees has established a special committee, co-chaired by Tom Farley and Michael Fitzgerald and made up of five independent directors, to oversee the process and will retain a financial advisor to assist with the strategic review.

The special committee will evaluate a broad range of options with a focus on maximizing value for unitholders. These alternatives could include acquisitions, divestments, corporate transactions, and other partnership opportunities with the potential to unlock the inherent value contained within the REIT’s portfolio of high-quality workplace real estate.

There can be no assurance that the strategic review process will result in any transaction or other alternative, nor any assurance as to its outcome or timing. The REIT intends to provide an update once the review process is completed. The REIT’s financial results for the third quarter 2022 will be available on November 1, 2022.

About Slate Office REIT (TSX: SOT.UN)

Slate Office REIT is a global owner and operator of high-quality workplace real estate. The REIT owns interests in and operates a portfolio of strategic and well-located real estate assets in North America and Europe. The majority of the REIT’s portfolio is comprised of government and high-quality credit tenants. The REIT acquires quality assets at a discount to replacement cost and creates value for unitholders by applying hands-on asset management strategies to grow rental revenue, extend lease term and increase occupancy. Visit slateofficereit.com to learn more.

Forward-Looking Statements

Certain information herein constitutes “forward-looking information” as defined under Canadian securities laws which reflect management’s expectations regarding objectives, plans, goals, strategies, future growth, results of operations, performance, business prospects and opportunities of the REIT. The words “plans”, “expects”, “does not expect”, “scheduled”, “estimates”, “intends”, “anticipates”, “does not anticipate”, “projects”, “believes”, or variations of such words and phrases or statements to the effect that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “occur”, “be achieved”, or “continue” and similar expressions identify forward-looking statements. Forward-looking statements include, without limitation, statements regarding the strategic review process and the strategic alternatives that may be available to the REIT. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations.

Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by management as of the date hereof, are inherently subject to significant business, economic and competitive uncertainties and contingencies. When relying on forward-looking statements to make decisions, the REIT cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements. Additional information about risks and uncertainties is contained in the filings of the REIT with securities regulators.

SOT-SA

Contacts

For Further Information

Investor Relations

+1 416 644 4264

ir@slateam.com