[Guelph (Ontario) \u2013 Le 20 novembre 2023] <\/p>\n
Mike Bonneveld<\/a>, pr\u00e9sident de Skyline Industrial REIT, a fait l\u2019objet d\u2019un article publi\u00e9 derni\u00e8rement sur le site RENX.ca, qui portait sur les r\u00e9centes acquisitions du FPI au Qu\u00e9bec et en Ontario<\/a>. <\/p>\n L\u2019article met en valeur les r\u00e9sultats et la strat\u00e9gie du FPI. Rappelons que Skyline Industrial REIT vient d\u2019achever son programme de dispositions strat\u00e9giques, qui consistait \u00e0 d\u00e9laisser les espaces industriels relativement petits et anciens pour se tourner vers des projets plus vastes, plus modernes et construits \u00e0 des fins particuli\u00e8res dans le secteur de l\u2019entreposage industriel, de la distribution et de la logistique, conform\u00e9ment \u00e0 sa nouvelle vision.<\/p>\n Pour en savoir plus sur Skyline Industrial REIT, rendez-vous sur le site SkylineIndustrialREIT.ca.<\/a><\/p>\n L\u2019article ci-dessous est une reproduction de la publication originale. Cliquez ou tapez ici pour lire l\u2019article original publi\u00e9 sur le site RENX.ca.**Veuillez noter que l\u2019article a \u00e9t\u00e9 publi\u00e9 en anglais seulement. <\/p>\n \u202f <\/p>\n \u202f <\/p>\n Skyline Industrial REIT has acquired two newly constructed assets in Quebec and Ontario as it continues to increase its weighting in more modern properties across Canada. <\/p>\n \u201cWe’re being selective as we acquire assets right now,\u201d president Mike Bonneveld<\/a> told RENX, \u201cbut I think we’re one of the few groups that’s actively out there looking for assets.\u201d <\/p><\/blockquote>\n Skyline\u2019s balance sheet is in a good position, according to Bonneveld, after pruning its portfolio with the disposition of its last office property in February and the sale of other non-core assets over the past few years. <\/p>\n \u201cWe got ahead of the curve and I’d love to say we were really smart and knew what was coming, but there was also luck involved,\u201d Bonneveld explained. <\/p>\n \u201cIt’s put us in a really good spot where we can be a bit picky and be able to acquire good assets when lots of guys are ‘pens down’.\u201d <\/p><\/blockquote>\n \u202f <\/p>\n Skyline acquired the interests of its development partner, Rosefellow, and is now the sole owner of a facility at 3601 Avenue de la Gare in Mascouche, Que., an off-island suburb of Montreal. <\/p>\n Construction was completed in late September on the multi-tenant development totalling 321,000 square feet. A 226,000-square-foot cold-storage facility with a 32-foot clear height is being used entirely by Congebec. <\/p>\n Bonneveld said Congebec had approached the trust and other developers several years ago about its desire for a new building in the Montreal area. The site in Mascouche was acquired for that purpose based on the cold- and multi-temperature storage, warehousing and distribution company committing to a 20-year lease for the new development. <\/p>\n Montreal-based Rosefellow owned a small stake in the property and the plan was always for Skyline to acquire it upon completion of the building. <\/p>\n Skyline is in lease negotiations for the site\u2019s remaining dry-storage space. Bonneveld is looking to close a deal for about 60 per cent of it very shortly and two other tenants are interested in the remaining space, so he\u2019s hopeful it will be fully leased before the end of the year. <\/p>\n<\/h3>\n Other Rosefellow partnership developments<\/h3>\n \u202f <\/p>\n Skyline is in partnership with Rosefellow on seven developments in the Montreal area and two in Ottawa. Seven are at various stages of development and Bonneveld said they\u2019re on or ahead of schedule from both construction and leasing standpoints. <\/p>\n Two Montreal projects are essentially finished and 100 per cent leased. <\/p>\n \u201cWe are working with Rosefellow and our other equity partner in there to buy them out of both of those, and the hope is that those will close in Q1 of \u201924,\u201d Bonneveld said. <\/p><\/blockquote>\n<\/h3>\n Second Woodstock, Ont. acquisition<\/h3>\n \u202f <\/p>\n Skyline also acquired a 148,050-square-foot building with a 28-foot clear height and 16 shipping doors at 353 Griffin Way in Woodstock, Ont. It was completed in October and is fully leased long-term to IPEX. <\/p>\n Bonneveld said the deal was brought to Skyline from a broker late in 2022 when it was in the early construction stages. It was developed by Paris, Ont.-based 214 Carson Co. and acquired by Skyline for $28.5 million. <\/p>\n Skyline acquired another Woodstock property in a small industrial node just off Hwy. 401 last year and Bonneveld said it has become popular with manufacturers and logistics companies, so he was happy to purchase another asset in the area. <\/p>\n \u201cFor tenants, it\u2019s a bit of a rent discount compared to Kitchener-Waterloo and Brantford, but it\u2019s a brand new building that’s really well-built,\u201d he said. \u201cIPEX is a very strong tenant, so getting a long-term lease with annual escalations, from what I think is a really good starting rent in terms of cost per square foot, gives us a really nice entry point.\u201d <\/p><\/blockquote>\n Skyline is doing due diligence on two other potential acquisitions, one of which Bonneveld hopes to close before Christmas and another that\u2019s at an earlier stage. <\/p>\n<\/h3>\n September dispositions<\/h3>\n \u202f <\/p>\n Skyline sold 12 non-core assets totalling 485,488 square feet across four provinces, in two separate transactions, in September. <\/p>\n Cervus Equipment Corporation was leasing 11 light industrial\/showroom spaces totalling 364,954 square feet in Alberta, Saskatchewan and Manitoba when it was acquired by Brandt Tractor Ltd. a year ago. The new owner preferred owning its properties over leasing them and an off-market deal was struck to acquire them from Skyline for $68 million. <\/p>\n Skyline also sold an older 120,534-square-foot cold-storage facility at 7801 Boulevard Henri-Bourassa E. in Montreal. <\/p>\n Congebec had occupied the facility and Bonneveld said \u201cwe had an agreement where we would let them out of their lease if we were able to re-lease to an equal or better tenant and then sell the building off to a third party, which we did.\u201d <\/p>\n Skyline completed a lease agreement for the entire facility with Confederation Freezers and then sold the property for $22.6 million. <\/p>\n Capital from those sales will be put toward acquisitions and development. <\/p>\n \u201cWe’re done the strategic disposition program and there’s really not much, if anything, that’s targeted for sale,\u201d Bonneveld said in reference to the sale of non-core assets. <\/p>\n The firm’s current focus is on acquiring warehousing and logistics-centred properties along major highway corridors and transportation routes. <\/p>\n Skyline will, however, consider selling properties if it\u2019s approached with an attractive offer. <\/p>\n<\/h3>\n Skyline now owns 49 properties<\/h3>\n \u202f <\/p>\n Guelph, Ont.-based Skyline is now 84 per cent weighted in warehousing, distribution and logistics-focused assets. The portfolio comprises 49 properties in five provinces with a total of 9,196,171 square feet of industrial space. <\/p>\n Skyline is a privately owned and managed real estate investment trust that launched in 2012. It\u2019s distributed as an alternative investment product through Skyline Wealth Management Inc. <\/p>\n The REIT\u2019s properties are managed by Skyline Commercial Management, a commercial real estate property management company housed within Skyline Group of Companies. <\/p>\n \u202f\u202f <\/p>\n Skyline Industrial REIT (the \u201cREIT\u201d) is a privately owned and managed portfolio of industrial properties, focused on acquiring warehousing and logistics-centred properties along major highway corridors and transportation routes in Canada.\u202f\u202f <\/p>\n Skyline Industrial REIT is distributed as an alternative investment product through Skyline Wealth Management Inc. (\u201cSkyline Wealth Management\u201d), the preferred Exempt Market Dealer for the REIT. It is also available on Fundserv (Code: SKY2012).\u202f\u202f\u202f <\/p>\n Skyline Industrial 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.\u202f <\/p>\n To learn more about Skyline Industrial REIT, please visit SkylineIndustrialREIT.ca<\/a>.<\/p>\n To learn about additional alternative investment products offered through Skyline Wealth Management, please visit SkylineWealth.ca<\/a>.\u202f <\/p>\n Skyline Industrial REIT is operated and managed by Skyline Group of Companies.<\/a>\u202f\u202f <\/p>\n [Guelph (Ontario) \u2013 Le 20 novembre 2023] Mike Bonneveld, pr\u00e9sident de Skyline Industrial REIT, a fait l\u2019objet d\u2019un article publi\u00e9 derni\u00e8rement sur le site RENX.ca, qui portait sur les r\u00e9centes acquisitions du FPI au Qu\u00e9bec et en Ontario. L\u2019article met en valeur les r\u00e9sultats et la strat\u00e9gie du FPI. Rappelons que Skyline Industrial REIT vient […]<\/p>\n","protected":false},"author":30,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[88,90,92],"tags":[],"class_list":["post-75068","post","type-post","status-publish","format-standard","hentry","category-news-fr","category-skyline-industrial-reit-fr","category-skyline-wealth-fr"],"acf":[],"yoast_head":"\nSkyline Industrial acquires new Quebec, Ontario properties <\/h2>\n
Guelph-based REIT also sold almost 500,000 sq. ft. of industrial assets in September <\/h3>\n
Quebec cold-storage facility leased to Congebec<\/h3>\n
About Skyline Industrial REIT <\/h2>\n
Demandes de renseignements des m\u00e9dias\u202f:<\/h3>\nCindy Beverly
\nVice-pr\u00e9sidente, Marketing et communications
\nSkyline Group of Companies
\n5, rue Douglas, bureau 301
\nGuelph (Ontario) N1H 2S8
\n519.826.0439<\/a> x602<\/address>\n","protected":false},"excerpt":{"rendered":"