In 2019, Shannondale Developments looked at purchasing the former industrial factory at 152 Shanley Street in Kitchener, Ontario. Nic Tyers, one of the co-owners of Shannondale and Ian Pinchin, the development manager, saw an opportunity and developed an Agreement of Purchase and Sale (APS), working through many challenges to ultimately secure the purchase. The case outlines the situation leading up to the decision to acquire the property and the many challenges they faced as they went through the potential acquisition process. The case challenges students to try to understand the numbers behind the purchase of this environmentally challenged site and to use them to make the decision whether to purchase it.
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