Slemon Park

What Slemon Park does

Slemon Park Corporation is a Canadian Crown corporation wholly owned by the Province of Prince Edward Island, operating a 1,400-acre mixed-use business and residential community in Miscouche/Summerside, PEI. Established in 1992 from the former Canadian Forces Base Summerside, the corporation develops and leases commercial real estate, runs the Summerside Airport as a private Fixed Base Operator, manages the on-site Slemon Park Hotel & Conference Centre and Anson's Restaurant, operates a dedicated public safety training infrastructure, and runs Slemon Park Homes, a residential portfolio of more than 265 housing units serving 230+ families. Across the park it hosts 25+ commercial tenants, including anchor aerospace operators StandardAero and Honeywell (each resident 25+ years), mid-market manufacturers (Fiber Connections, Northern Abrasives, Duinkerken Foods), and aerospace service firms (MDS Coating Technologies, Tronosjet Maintenance).

The company's core technology and infrastructure stack centers on physical assets: 830,000+ sq ft of turn-key commercial facilities including five to six aircraft hangars (5,000 to 300,000 sq ft), a private 8,000 ft x 200 ft runway with 150,000 sq ft ramp space and 24/7 operations, a 7,100 sq ft Training Centre paired with a scenario-based training village (private paved roadways with gated access for public safety scenarios), and a self-contained residential community with ENERGY STAR-certified homes built 21% above national code. Software systems are limited to a VUEWorks Service Request Portal for tenant maintenance, a VVIP FBO services platform for private aviation bookings, and an Automated Weather Observing System for airport operations. No proprietary AI/ML systems, platforms, or data assets are described.

Revenue mechanics combine recurring subscription-style streams (commercial property leasing, residential rentals with all-inclusive utilities and services), transaction-based revenue (hotel room nights and food services), and project-based revenue (training facility rentals to multi-agency federal clients including Correctional Services Canada, RCMP, CBSA, DND, DFO, and Parks Canada). Pricing is quote-based and not publicly disclosed; competitive position is anchored by the unique PEI Aerospace Tax Rebate (full yearly rebate on corporate income tax and real property tax, the only provincial aviation-specific program in Canada) and government ownership that eliminates approximately $0 in municipal taxes. The corporation's mandate is economic development: tenant operations were reported as contributing $140M (2.6%) to provincial GDP and $65M+ in annual wages in 2019.

Name

Slemon Park

Legal name

Slemon Park Corporation

Website

https://slemonpark.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

51–100 employees

Short description

Slemon Park Corporation is a Canadian Crown corporation (owned by the Province of Prince Edward Island) operating a 1,400-acre mixed-use business and residential community in PEI, providing aerospace, manufacturing, and public safety training facilities with a private airport, hotel, and housing for 25+ commercial tenants and 230+ families.

Ownership category

akta.pro rank

Product category

Commercial Real Estate & Business Park Operations

NAICS

Lessors of Other Real Estate Property (531190), Rental and Leasing Services (532), Residential Property Managers (531311)

SIC

Real Estate Operators (No Developers) & Lessors (6510), Airports, Flying Fields & Airport Terminal Services (4581), Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Industrial Park Owners Association Management (BPAJAHAH)

akta.pro secondary industries

Property Management Advisory & Leasing Administration (FSAEAJAN), Grounds & Exterior Services (Landscaping/Snow Removal/Parking Lot Maintenance) (IMAIAAAF)

Keywords

• Commercial real estate leasing
• Business park operations
• Private airport services
• Public safety training
• Residential property management

Headquarters

HQ city

Miscouche

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Commercial Property Leasing: Slemon Park leases over 830,000 sq ft of commercial and training facilities including aircraft hangars, office space, manufacturing space, and retail/warehouse space. Properties are offered at competitive and flexible lease rates with no municipal taxes.
2. Residential Property Rental: Slemon Park manages 265+ residential housing units including houses and duplexes, renting to more than 230 families. Services include water, sewer, heat, lawn care, snow removal and maintenance.
3. Hotel & Conference Centre: Slemon Park Hotel & Conference Centre with Anson's Restaurant & Pub generates revenue from room nights (17,000+ annually) and food services (191,000+ meals annually).
4. Training Facility Rentals: Turnkey training facilities including the Training Centre (7,100 sq ft), Summerside Airport, and scenario-based training village are rented to organizations including Correctional Services Canada, RCMP, Canada Border Services Agency, Department of Fisheries and Oceans, Parks Canada, and Department of National Defense.
5. Commercial Lot Sales: Slemon Park sells commercial lots for businesses looking to establish or expand operations, offering sale or lease options with low property taxes and tax rebates for qualifying businesses.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Slemon Park operates a 1,400-acre integrated business and residential community, leasing 830,000+ sq ft of turn-key commercial facilities (aircraft hangars, manufacturing space, offices, and commercial lots), running a private full-service airport (Summerside Airport) with VVIP FBO services, providing public safety training facilities, and offering a residential community of 265+ rental housing units. Revenue is generated through commercial and residential lease agreements, training facility rentals, hotel and conference bookings, FBO/aviation services, and occasional commercial lot sales.

Product overview

Slemon Park is a mixed-use business and residential park operated by Slemon Park Corporation, offering a portfolio of interconnected real estate and hospitality services. The core offering consists of turn-key commercial facilities (aircraft hangars, office space, manufacturing space, and commercial lots for aerospace, manufacturing, and training tenants), complemented by a private airport (Summerside Airport with FBO and VVIP services), hotel and conference facilities (Slemon Park Hotel & Conference Centre with Anson's Restaurant), public safety training infrastructure, and a residential community (Slemon Park Homes). The various facilities are designed to work together as a comprehensive business park ecosystem, allowing tenants to access workspace, aviation services, accommodations, dining, and housing within a single location.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Real Estate Facilities (Aerospace Hangars, Manufacturing and Office Space) Turn-key commercial real estate for lease, including aircraft hangars (ranging from approximately 5,050 to 300,000 sq ft), office space, manufacturing space, and warehouse/retail space, offered to aerospace, manufacturing, and training organizations at competitive lease rates with no municipal taxes. Available commercial space totals over 800,000 sq ft including 150,000+ sq ft of move-in-ready manufacturing space.
• Commercial Lots for Sale or Lease Commercial lots within the 1,400-acre business park available for sale or lease, with low property taxes and tax rebates for aerospace and other qualifying businesses.
• Summerside Airport Full-Service FBO and VVIP Private Aviation Services Full-service Fixed Base Operation (FBO) at Summerside Airport featuring an 8,000 ft x 200 ft runway, 150,000+ sq ft of ramp space, 24/7 operations, Jet A-1 and 100 LL fuel, private pilot lounge, hangarage, and over 300 VFR days per year. VVIP services include tarmac-to-tail transport, concierge, ground transport via Tip Top Transport, and on-site catering by Anson's restaurant for corporate, charter, and private jet clients.
• Public Safety Training Facilities and Services Turn-key training infrastructure for public safety organizations, including a 7,100 sq ft Training Centre with classrooms and scenario annex, a scenario-based training village with private paved roadways for bomb prevention, active shooter, and vehicle takedown exercises, and integrated access to Holland College Atlantic Police Academy's indoor and outdoor firing ranges, driving simulator, use-of-force simulator, and indoor crime scene village. Designed to deliver a one-stop-shop training facility and service solution with on-site accommodations and meals.
• Slemon Park Hotel & Conference Centre (with Anson's Restaurant & Pub) Hotel accommodations and conference centre accommodating up to 300 people for meetings, dinners, banquets, and cafeteria-style meals; the property generated 17,000+ room nights and supported 191,000+ meals served in 2019. Anson's Restaurant & Pub provides on-site dining and catering.
• Slemon Park Homes (Residential Rental Community) Residential rental community offering age-friendly two, three, and four-bedroom houses and duplexes, with utilities (water, sewer, heat), lawn care, snow removal, and maintenance bundled into the lease. New builds are 21% more energy efficient than the national building code and earn ENERGY STAR certification.

Quantifiable outcome

• PEI aerospace industry ranked #1 in net profit after tax among 8 major aerospace hubs including Dallas, Indianapolis, Los Angeles, and Seattle (2016 KPMG Cost Competitive Study)
• +6 more outcomes

Named customers16 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Correctional Services CanadacoreStrategic or Co-development Partner · 1 January 2019Established National Satellite Training Academy (NSTA) at Slemon Park in 2019 for training federal correctional officers. Capacity for up to 96 cadets. Slemon Park and Holland College combine training assets including modern classrooms, medium and maximum prison simulation areas, defensive tactics room, outdoor firing range, gym, accommodations, and meal plan.
• Holland College Atlantic Police AcademycoreStrategic or Co-development Partner · 1 January 1993Long-standing partnership since 1993 for delivery of public safety training. The Atlantic Police Academy provides instructors, training curriculum, and access to additional facilities including indoor/outdoor firing ranges, driving simulator, and indoor crime scene village. Slemon Park provides facilities, accommodations, and food services. This partnership enables comprehensive law enforcement training and Police Science certification recognized by the RCMP.
• City of SummersideminorStrategic or Co-development PartnerMunicipal government partnership for economic development in western Prince Edward Island. Slemon Park's mandate to create jobs and wealth supports the broader Summerside and PEI economy.

Scale indicators13 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Calgary Airport Authority: Operates YYC Calgary International Airport and surrounding commercial/industrial land. Comparable as an airport authority that monetizes adjacent real estate and supports an aviation cluster.
• Winnipeg Airports Authority: Operates Winnipeg Richardson International and adjacent airport industrial park used by aerospace and manufacturing tenants. Comparable model of regional authority-operated airport plus commercial real estate lease portfolio.
• Halifax International Airport Authority: Operates Halifax Stanfield in Atlantic Canada with adjacent industrial land leasing. Comparable geography, scale, and the model of an Atlantic Canadian non-profit airport authority with commercial land monetization.
• Edmonton International Airport (Edmonton Regional Airports Authority): Operates YEG with the surrounding EIA Business Park and airport-connected industrial real estate. Comparable mix of airport infrastructure, commercial leasing, and tenant diversification across logistics/aerospace/manufacturing.
• Aéro Montréal (Québec aerospace cluster): Industry-led cluster organization representing Quebec aerospace, with deep MRO/OEM presence including at Mirabel. Comparable as an organized aerospace tenant ecosystem where anchor companies cluster and access shared infrastructure.
• Aéroports de Montréal: Operates Montréal-Trudeau and the Mirabel aerospace hub, including surrounding industrial park for MRO, manufacturing, and aerospace tenants. Comparable as a government-/authority-operated hub combining an airport with adjacent commercial real estate and aerospace cluster.
• Greater Toronto Airports Authority (GTAA): Operates Toronto Pearson and surrounding commercial real estate, including the Pearson Federal Precinct and Corporate Centre. Comparable as a Canadian airport authority developing and leasing real estate around an active airside operation.

Broad incumbents

• Brookfield Asset Management (industrial real estate): Large alternative asset manager with a sizeable industrial real estate portfolio. Comparable as a major operator of industrial/property assets; significantly broader and private-sector-driven versus Slemon Park's crown corporation model.

Regional players

• City of North Bay (aerospace cluster / Jack Garland Airport): North Bay, Ontario operates a municipal aerospace park and adjacent airport supporting MRO and aerospace tenants (CAE, Voyageur Airways). Comparable as a smaller-market Canadian aerospace-focused municipal park, though primarily Ontario-based.
• Seletar Aerospace Park (JTC / Singapore): Purpose-built aerospace park adjacent to Seletar Airport in Singapore, hosting MRO and aerospace manufacturing tenants. Comparable purpose-built aerospace park model with shared infrastructure and tenant clustering, though geographically distinct.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/slemon-park-corp
• Xx.com/SlemonParkCorp
• Facebookfacebook.com/slemonparkcommunity

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Slemon Park