Skyline Retail REIT Acquires 9-Property Western Canada Portfolio

On October 24, 2018, the Skyline Retail REIT, a privately-owned and managed portfolio of retail properties across Canada, announced the acquisition of a substantial 9-property portfolio of assets across Western Canada.

Details of the New Property Acquisitions
Property Address Notable Tenant Service Types Total Square Footage Purchase Price
1131 Lawson Avenue, Kelowna, BC Grocery; Pharmacy 32,532 $10.4M
2211 Pembina Highway, Winnipeg, MB Grocery; Pharmacy 15,780 $6.3M
6660 Sooke Road, Sooke, BC Grocery; Pharmacy; Medical; Liquor; Restaurant; Dollar Store 68,809 $19.25M
9910-9940 92nd Street, Grande Prairie, AB Pharmacy; Bank; Liquor; Fitness; Restaurant 43,017 $15.9M
13010-137th Avenue NW, Edmonton, AB Pharmacy; Auto 23,200 $3.8M
100-420 Manning Cross NW, Edmonton, AB Bank; Restaurant; Daycare; Dental; Medical; Fitness; Pharmacy 64,555 $22.7M
139 Victoria Avenue East, Brandon, MB Pharmacy 16,986 $4.55M
382 & 390 Main Street, Steinbach, MB Pharmacy; Medical; Insurance 20,956 $6M
777 Sherbrook Street, Winnipeg, MB Pharmacy 16,839 $5.8M

Together, the portfolio comprises 302,674 square feet of retail space. The total purchase price was $94.7M. These properties are the Skyline Retail REIT’s first purchases in the provinces of BC, MB, and AB.

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 more about Skyline Retail REIT, please visit SkylineRetailREIT.ca.

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
(519) 826-0439 x 243