Skyline Retail REIT Purchases Its First Property in London, Ontario
February 24, 2017 - Property Acquisitions
On Thursday, February 23rd, 2017, the Skyline Retail REIT made its first purchase in the city of London, ON. 1551-1553 Dundas Street in London was purchased for $14.45M and is comprised of 51,450 square feet of retail space. Its tenants include Rexall, Value Village and Little Caesar’s.
1551-1553 Dundas Street is the Retail REIT’s first property in the city of London. Skyline Apartment REIT and Skyline Commercial REIT are already well-established in the city, with 551 apartment suites and 365,093 square feet of commercial space respectively.
Post-acquisition, the Retail REIT comprises 56 properties in 38 Ontario communities, with more than 1.8 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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