Skyline Retail REIT Acquires First Property in Guelph, ON
August 27, 2018 - Property Acquisitions
On August 27, 2018, the Skyline Retail REIT, a privately-owned and managed portfolio of retail properties across Canada, announced the acquisition of a property at 160 & 170 Kortright Road West, and 200 & 210 Kortright Road West, in Guelph, ON.
The property comprises 108,722 square feet of retail space and was purchased for $38M. The anchor tenant for the property is Zehrs grocery. Other notable tenants include Dollarama, Anytime Fitness, and Scotiabank.
The property is Skyline Retail REIT’s first purchase in the city of Guelph, where the Skyline Apartment REIT and Skyline Commercial REIT have been well established with multiple holdings.
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 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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