Skyline Retail REIT Acquires Hanover, Timmins, and Coniston Properties
August 25, 2014 - Property Acquisitions
On Monday, August 18, 2014, the Skyline Retail REIT acquired a plaza at 893-895 10th Street in Hanover, ON – the REIT’s second property in Hanover. The plaza had a purchase price of $9.5 million, and has over 25,000 square feet of commercial space, with the LCBO and Shoppers Drug Mart as tenants.
The following week, on Monday, August 25 2014, the Skyline Retail REIT acquired two properties: 414 Algonquin Boulevard East, in Timmins, ON, and 24 Amanda Street in Coniston (near Sudbury) ON. 24 Amanda Street is the Skyline Retail REIT’s first property in the community of Coniston.
The two properties had a combined purchase price of $6.65 million, and collectively have nearly 44,000 square feet of commercial space.
The Skyline Retail REIT currently comprises 31 properties in 19 Ontario communities, with an aggregate purchase price of $223 million and over 945,000 square feet of commercial 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 exclusive 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:
Director of Marketing, Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8
(519) 826-0439(519) 826-0439 x 243
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