[Guelph, Ontario – August 3, 2022]
On August 3, 2022, Skyline Retail REIT purchased a grocery-anchored retail property at 2479-2763 Beverly Street, Duncan, BC, totaling 98,476 square feet on 7.58 acres. The property is 99.6% occupied. It comprises 29 tenants and is anchored by Thrifty Foods (Sobeys) and Starbucks.
“Skyline Retail REIT is happy to be entering a new community with this acquisition,” said Gordon Driedger, President, Skyline Retail REIT.
“This property is a prime retail location in the city of Duncan, which is situated in the Southern region of Vancouver Island. The plaza is anchored with national name-brand tenants with whom the REIT has developed strong working relationships.”
Post-acquisition, Skyline Retail REIT comprises 114 properties in 69 communities in 5 provinces across Canada, with a total of 5,022,113 square feet of retail space.
About Skyline Retail REIT
Skyline Retail REIT (the “REIT”) is a privately owned and managed portfolio of retail properties, focused on acquiring well-located properties with service-oriented, national brand tenants in secondary and tertiary communities across Canada.
Skyline Retail REIT is distributed as an alternative investment product through Skyline Wealth Management Inc. (“Skyline Wealth”), the preferred Exempt Market Dealer for the REIT.
Skyline Retail REIT is committed to providing outstanding places to conduct business and services. It prioritises superior service to its retail tenants while surfacing value with a goal to deliver stable returns to its investors.
To learn about additional alternative investment products offered through Skyline Wealth, please visit SkylineWealth.ca.
Skyline Retail REIT is operated and managed by Skyline Group of Companies.
For media inquiries, please contact:Jeff Stirling
Vice President, Corporate Marketing & Communications, Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8