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LONDON-Slough Estates has finally exited Canada with the sale ofits remaining asset, a 50% stake in Willingdon Park in Vancouver toits partner, Hospitals of Ontario Pension Plan for euro 51.4million ($65.6 million). Executives of the group, which providesflexible business space, said the sale of Willingdon Park completesits exit from Canada, in line with the company's strategy torefocus its North American business. Sale receipts will be spent onnew health-science property developments in Southern Californiawhere company officials expect opportunity.

"The sale of Willingdon Park completes Slough Estates' exit fromCanada," says chief executive Ian Coull, "in line with thecompany's strategy to refocus its North American business. The saleproceeds will be recycled into new health-science propertydevelopments in Southern California where we believe there areexcellent prospects in the medium term."