Skyline Retail REIT Acquires 2nd Property in Sudbury, Ontario
September 7, 2016 - Property Acquisitions
On September 7th, 2016, the Skyline Retail REIT purchased a 21,820 square foot property in Hanmer (Sudbury), Ontario. The property at 5118 Highway 69 North is the second property Skyline Retail REIT owns in Sudbury, and has McDonald’s and Shoppers Drug Mart as anchor tenants. The property was purchased for $8 million.
Post-acquisition, the Skyline Retail REIT comprises 52 properties in 36 Ontario communities, with more than 1.7 million square feet of retail 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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