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.
|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.