[Guelph, ON – March 30, 2022]
On March 30, 2022, Skyline Retail REIT purchased a grocery-anchored retail property at 1800 Strachan Rd SE, Medicine Hat, AB that totals 109,935 square feet on 13 acres. The property comprises 22 tenants and is anchored by Save-On-Foods grocery.
“We are pleased to bring this asset into the Skyline Retail REIT portfolio as it aligns with our long-standing strategy of acquiring grocery-anchored assets occupied primarily by essentials-based tenants,” said Gordon Driedger, President, Skyline Retail REIT.
“The property provides great visibility for tenants and convenience for shoppers from its location adjacent to the Trans-Canada Highway. This acquisition adds value and quality to the REIT’s portfolio and further supports the provision of stable and growing returns to our investors.”
Post-acquisition, Skyline Retail REIT comprises 114 properties in 69 communities in 5 provinces across Canada, with a total of 4,859,614 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