Slate Office REIT Completes Acquisition of C$254.8 Million Irish Entity That Owns a Portfolio of Office, Life Sciences and Lite-Industrial Real Estate in Ireland

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TORONTO, Feb. 07, 2022 (GLOBE NEWSWIRE) -- Slate Office REIT (TSX: SOT.UN) (the “REIT”), an owner and operator of office real estate, announces today that the Scheme of Arrangement¹ in respect of the REIT’s Firm Offer² to acquire all of the issued and outstanding shares of Yew Grove REIT plc (an Irish-incorporated real estate investment trust that is dual-listed on Euronext Dublin (Ireland) and the AIM market of the London Stock Exchange) (“Yew Grove”), for cash consideration of €1.017 per share (the "Proposed Acquisition"), became effective today, 7 February 2022, thereby completing closing of the Proposed Acquisition.