Skyline Retail REIT enters the province of NL with new purchase

[Guelph, Ontario – November 28, 2025]

Skyline Retail REIT has entered the province of Newfoundland and Labrador with a retail plaza purchase in the town of Paradise, within the St. John’s metropolitan area.

On November 28, 2025, the REIT purchased 1641 Topsail Road, a dominant, grocery-anchored retail plaza within central Paradise. The property is 100% leased to 10 tenants. Construction of a new No Frills grocery store is currently underway, with the opening anticipated for September 2026.

“Skyline Retail REIT is excited to mark its entry into Atlantic Canada with the purchase of Paradise Plaza at 1641 Topsail Road,” said Craig Leslie, President, Skyline Retail REIT.

“The town of Paradise is one of Atlantic Canada’s fastest-growing municipalities with a population growth of 7.3% over a five-year period as per the most recent census. This purchase underscores the REIT’s commitment to delivering long-term investor value with professionally managed and maintained retail centres in strong and growing communities.”

Post acquisition, Skyline Retail REIT comprises 109 properties in 71 communities in five provinces across Canada, with a total of 5,160,985 square feet of retail space.

About Skyline

Skyline is a capital management company that acquires, develops, and manages real estate properties and renewable infrastructure assets, and offers them as private alternative investment products.

Skyline currently manages more than $10 billion* in assets across its real estate and renewable infrastructure platforms.

With approximately 1,000 employees across Canada, Skyline works to provide safe, clean, and comfortable places for tenants to call home, great places to do business, sustainable solutions for a greener future, and an engaging experience for its investors.

For more information about Skyline, please visit SkylineGroupOfCompanies.ca.

*Includes all Skyline entities under common management and control. As at September 30, 2025.

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