On Thursday, November 24th, 2016, the Skyline Retail REIT purchased its first retail property in the town of Strathroy, ON (just west of London, ON). The 19,734 square foot retail complex at 70 Carroll Street East is occupied by anchor tenants such as Dollarama, LCBO, and Ardene. It was purchased for $4.8M. Although Strathroy is a new community for the Retail REIT, Skyline has owned and managed a multi-residential property in the town at 191 & 1293 Hull Road since 2014.
Post-acquisition, the Skyline Retail REIT comprises 55 properties in 37 Ontario communities, with more than 1.7 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 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