On August 22, 2023, Skyline Retail REIT sold a retail property at 2211 Pembina Highway in south Winnipeg, Manitoba.
The single-tenant property totals 15,780 square feet and is currently occupied by Shoppers Drug Mart.
“When evaluating Skyline Retail REIT’s portfolio, 2211 Pembina Highway was identified as a geographic outlier and appropriate for strategic disposition,” said Gord Driedger, President, Skyline Retail REIT. “This is a quality asset situated in a prime location and anchored by a strong tenant, which appeals to local investors looking to expand their holdings, so its sale was an opportunity for Skyline Retail REIT to surface further value for our investors.”
Post-disposition, the REIT comprises 117 properties in 69 communities in 5 provinces across Canada, with a total of 5,447,094 square feet of retail space.
Skyline Retail REIT (the “REIT”) is a privately owned and managed portfolio of retail properties, focused on acquiring well-located properties with service-oriented, national brand tenants in secondary and tertiary communities across Canada.
Skyline Retail REIT is distributed as an alternative investment product through Skyline Wealth Management Inc. (“Skyline Wealth Management”), the preferred Exempt Market Dealer for the REIT. It is also available on Fundserv (Code: SKY2013).
Skyline Retail REIT is committed to providing outstanding places to conduct business and services. It prioritises superior service to its retail tenants while surfacing value with a goal to deliver stable returns to its investors.
To learn more about Skyline Retail REIT, please visit SkylineRetailREIT.ca.
To learn about additional alternative investment products offered through Skyline Wealth Management, please visit SkylineWealth.ca.
Skyline Retail REIT is operated and managed by Skyline Group of Companies.