Skyline Retail REIT Acquires 5-Property Portfolio in London, ON - Skyline Wealth

Skyline Retail REIT Acquires 5-Property Portfolio in London, ON

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. (“SWMI”) on behalf of the Issuer as at the date of publication and SWMI does not undertake to advise the reader of any changes. SWMI has not taken any steps to verify accuracy.