On September 28, 2018, the Skyline Retail REIT, a privately-owned and managed portfolio of retail properties across Canada, announced the acquisition of a 5-property portfolio of assets located in the city of London, ON.
|Property Address||Notable Tenant Service Types||Total Square Footage||Purchase Price|
|1, 7, 11 Baseline Road East, London, ON||Grocery; Dollar Store; Bank||60,744||$14.2M|
|1201 Oxford Street West, London, ON||Pharmacy; Bank||34,066||$13.75M|
|387-401 Wellington Road, London, ON||Grocery; Dollar Store; Restaurant||139,600||$33.55M|
|509 Commissioners Road West, London, ON||Grocery; Pet Store; Restaurant||94,140||$24.3M|
|1030 Adelaide Street North, London, ON||Grocery; Bank; Restaurant||80,938||$14.8M|
Together, the portfolio comprises 409,488 square feet of retail space. The total purchase price was $100.6M.
Introduced in 2013, the Skyline Retail REIT is fully managed and operated by the Skyline Group of Companies, a Guelph, ON-based real estate acquisition, management, and investment firm.
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