[Guelph, ON – May 19, 2022]
On May 19, 2022, Skyline Retail REIT sold a property at 808 & 820 Dufferin Avenue, Wallaceburg, Ontario. The property consists of two building totaling 15,577 square feet, with Chatham Kent Community Health Centres, Money Mart, and Wallaceburg Denture Clinic as tenants.
“Aligned with Skyline Retail REIT’s strategy of focusing on grocery- and pharmacy-anchored assets, the REIT’s management identified 808 & 820 Dufferin Avenue in Wallaceburg as no longer a core asset and appropriate for disposition. This sale expresses the REIT’s objective to increase its weighting in retail centers that act as community shopping hubs, catering to the essential needs of consumers,” said Gordon Driedger, President, Skyline Retail REIT.
“The funds surfaced from the disposition will be used towards opportunities that can help us achieve the REIT’s goal of maximizing value for Unitholders.”
Post-disposition, Skyline Retail REIT comprises 112 properties in 68 communities in 5 provinces across Canada, with a total of 4,821,978 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