Skyline Retail REIT Enters the Province of Quebec with Seven Purchases
March 9, 2017 - Property Acquisitions
On Friday, March 3rd, 2017, the Skyline Retail REIT purchased its first properties in the province of Quebec, with the acquisition of a 7-property portfolio anchored by Jean Coutu, a Quebec-based drugstore chain. The total purchase price for the portfolio was $35.25M, and the 7 properties total 149,324 square feet of retail space.
- 4916-4930 Boulevard Saint-Jean, Montreal, QC
- 5510-5520 Chemin de la Cote-des-Neiges, Montreal, QC
- 8995 & 9021-9041 Boulevard Saint-Michel, Montreal, QC
- 6455-6461 Avenue Christophe-Colomb, Montreal, QC
- 405 Boulevard Grand, L’Ile Perrot, QC
- 2310 Rue Saint-Louis, Gatineau, QC
- 2722 Boulevard Royal, Shawinigan, QC
Post-acquisition, the Skyline Retail REIT comprises 63 properties in 42 communities across ON and QC, with over 1.9M 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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