Slate Asset Management has bought 800 acres of industrial land and buildings in Hamilton, Ontario, from Stelco.
Slate plans to redevelop the site into a world-class industrial park with the potential to create up to 23,000 new jobs across the Greater Toronto & Hamilton Area and inject as much as C$3.8 billion ($3 billion) into Ontario’s economy, according to an economic study conducted by EY.
The site’s strategic location presents a one-of-a-kind industrial development opportunity in North America, offering direct access to the Great Lakes and the St. Lawrence Seaway, the U.S. land border, Ontario’s highway system, on-site rail connecting into Ontario’s greater Golden Horseshoe network, as well as nearby international airports in Hamilton and Toronto.
“This project represents a defining opportunity to reactivate a massively underutilized parcel of land that has global industrial relevance,” said Brady Welch, founding partner at Slate. “We are c
