Skyline Retail REIT buys property in downtown Guelph

Skyline Retail REIT buys property in downtown Guelph

On April 14, 2021, Skyline Retail REIT purchased a property located at 27-39 Macdonell Street & 26-40 Carden Street in downtown Guelph, Ontario.

The property comprises 17,510 square feet of retail space on two floors. It is in a prime location in downtown Guelph, steps from City Hall and transit (as well as Skyline’s head office, which is headquartered in the city’s downtown). The property is currently occupied by 10 tenants.

This property presents a favourable opportunity to secure additional long-term tenants.

“Skyline Retail REIT is proud to be investing in the growth and vibrancy of downtown Guelph with this purchase,” said Gordon Driedger, President, Skyline Retail REIT.

“The property at Macdonell and Carden Streets presents an excellent opportunity to attract new business to the city’s downtown, which we’re proud to call our home base.”

This property is Skyline Retail REIT’s second purchase in the city of Guelph. The first was in August 2018 with the purchase of a grocery-anchored plaza at 160 & 170 Kortright Road East and 200 & 210 Kortright Road West.

Skyline Retail REIT now comprises 113 properties in 68 communities in five provinces across Canada, with a total of 4,752,983 square feet of retail space.