Skyline Commercial REIT Sells Property in Kitchener

[Guelph, Ontario – March 14, 2022]

On March 14, 2022, Skyline Commercial REIT sold a multi-tenant retail property at 815 & 825 Weber Street East and 1770 King Street East in Kitchener, Ontario.

The property totals 27,411 square feet on 1.58 acres. The total sale price for the property was $7.3million.

“Skyline Commercial REIT management identified this asset as appropriate for disposition due to the REIT’s current trajectory of increasing its weighting in the warehousing, distribution, and logistics sector,” said Michael Mackenzie, President, Skyline Commercial REIT.

“The capital from this sale will be used toward opportunities within the REIT’s target sector involving modern industrial facilities, including strategic acquisitions and developments. We believe this strategy can be accretive to unit value, which can ultimately create further value for Skyline Commercial REIT investors.”

About Skyline Commercial REIT

Skyline Commercial REIT (the “REIT”) is a privately owned and managed portfolio of commercial properties, focused on acquiring industrial and logistics-centred properties along major highway corridors and transportation routes in Canada.

Skyline Commercial REIT is distributed as an alternative investment product through Skyline Wealth Management Inc. (“Skyline Wealth”), the exclusive Exempt Market Dealer for the REIT.

Skyline Commercial REIT is committed to providing outstanding places to do business and superior service to its tenants, while surfacing value with a goal to deliver stable returns to its investors.

To learn more about Skyline Commercial REIT, please visit SkylineCommercialREIT.ca.

To learn about additional alternative investment products offered through Skyline Wealth, please visit SkylineWealth.ca.

Skyline Commercial REIT is operated and managed by Skyline Group of Companies.

For media inquiries, please contact:

Jeff Stirling
Vice President, Corporate Marketing & Communications, Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8
(519) 826-0439(519) 826-0439 x 243


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.