Slate Asset Management completes acquisition of Presima

Slate Asset Management has completed the previously announced acquisition of Presima, a Montreal-based asset manager focused on global real estate securities.

The transaction, which was first announced in May 2022, has added a total of C$1.1 billion ($850 million) in assets to Slate’s investment management business.

Presima is a specialist investment manager with a 20-year track record of performance in public market real estate investing. The firm’s comprehensive offerings in global REITs include concentrated relative strategies, as well as mandates focused on yield and enhanced yield. The firm also manages real assets and listed infrastructure portfolios and has a near-decade-long track record in environmental, social and governance (ESG) incorporation and mandates.

The transaction scales Slate’s footprint in North America, adding a team of 18 Montreal-based investment professionals to Slate’s platform, and positions Slate as one of the only firms in C