On July 7, 2023, Skyline Retail REIT sold a retail property at 9-11 Industrial Drive, Grimsby Ontario.
The property totals 25,167 square feet and is currently occupied by leading Canadian health club brand, Goodlife Fitness.
“Skyline Retail REIT continues to primarily focus on core grocery and pharmacy-anchored assets and identified this non-core, single-tenant property as appropriate for a strategic disposition capable of surfacing value for our investors. Congratulations to the buyer and our sincere thanks to all parties involved in this successful transaction,” said Craig Leslie, Vice President, Skyline Retail REIT.”
Post-disposition, the REIT comprises 118 properties in 70 communities in 5 provinces across Canada, with a total of 5,462,874 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