[Guelph, ON – December 18, 2020]
On December 18, 2020, Skyline Retail REIT, a privately-owned and managed portfolio of retail properties across Canada, announced the acquisition of two retail properties located at 675-677 Blvd des Seigneurs and 5661-5671 Blvd Laurier in the suburb of Terrebonne, QC (north of Montreal).
Together, the properties comprise 86,764 square feet of retail space. They are each anchored by grocery tenant IGA (Sobeys). The total purchase price for the properties was $16.9M.
|Property Address||Tenants||Total Sq. Ft.||Purchase Price|
|675-677 Blvd des Seigneurs, Terrebonne, QC||IGA (Sobeys)||39,286||$6.87M|
|5661-5671 Blvd Laurier, Terrebonne, QC||IGA (Sobeys) and Familiprix||47,478||$10.02M|
The properties are Skyline Retail REIT’s first purchases in the community of Terrebonne.
“We’re pleased to announce that Skyline Retail REIT has moved into another new community with its two purchases in Terrebonne, Quebec,” said Gordon Driedger, President, Skyline Retail Asset Management Inc.
“Both properties are grocery-anchored with IGA (Sobeys) as the anchor tenant, thereby classifying as ‘everyday essential’ services. The industry is taking notice that food-anchored centres and similar types of tenants are proving their strength amid COVID-19 in Canada.”
Skyline Retail REIT now comprises 110 properties in 66 communities in five provinces across Canada, with a total of 4,594,689 million square feet of retail space.
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. Commissions, trailing commissions, management fees and expenses all may be associated with investments in exempt market products. Please read the confidential offering documents before investing. 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.