Skyline Retail REIT Acquires Additional Property in Chatham, Ontario
June 6, 2016 - Property Acquisitions
On June 2nd, 2016, the Skyline Retail REIT acquired a multi-tenant retail plaza property at 515-653 Grand Avenue West in Chatham, Ontario. Purchased for $25M, the plaza consists of 177,366 square feet of retail space, and includes Canadian Tire, Scotiabank and Sportchek as anchor tenants. The plaza sits beside Skyline Retail REIT’s additional retail plaza property at 455-485 Grand Avenue West, which includes a Shoppers Drug Mart and an A&W restaurant.
The Skyline Retail REIT now comprises 51 properties in 36 Ontario communities, with nearly 1.7 million 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 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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