[Guelph, ON – September 17, 2019]
In late August, Skyline Commercial REIT completed two disposition transactions of Ottawa, ON, area office buildings. The total disposition was for 50,817 square feet at a combined sale price of $8.7M.
|Address||Rentable Area (sq. ft.)|
|2525 St. Laurent Boulevard, Ottawa, ON||15,697|
|2781 Lancaster Road, Ottawa, ON||35,120|
The capital from these sales will be re-deployed by the Skyline Commercial REIT toward other accretive acquisitions in established markets along major transportation arteries that meet the standards and growth potential of the Skyline Commercial REIT.
Post-acquisition, the Skyline Commercial REIT has 84 properties in 34 cities across ON, QC, SK, MB, and AB, with over 6 million square feet of commercial space.
Press releases are disseminated by Skyline Wealth Management Inc. ("Skyline Wealth") on behalf of the Issuer as at the date of publication and Skyline Wealth does not undertake to advise the reader of any changes. Skyline Wealth has not taken any steps to verify accuracy.