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.
Press releases are disseminated by Skyline Wealth Management Inc. (“Skyline Wealth”) on behalf of the Issuer as at the date of publication. Skyline Wealth does not undertake to advise the reader of any changes. Skyline Wealth has not taken any steps to verify accuracy. Some of the investment products offered by Skyline Wealth are from related issuers. A full list of issuers related to Skyline Wealth and details of the relationship between them is available upon request.