On August 31, 2021, Skyline Commercial REIT? sold Newbold Business Park in London, Ontario. The property comprised the following addresses:
The property totals 365,093 square feet and was Skyline Commercial REIT?’s only property in the city of London.
With this property sale, Skyline Commercial REIT? will be leaving the London market.
“Skyline Commercial REIT? management identified the Newbold Business Park portfolio in London, Ontario as a non-core asset appropriate for disposition,” said Michael Mackenzie, President, Skyline Commercial REIT?.
“This disposition is representative of the REIT’s strategy to refine its portfolio to hold an increased weighting in the warehousing, distribution, and logistics sector. The capital from this sale will be redirected toward new opportunities with a continued focus on creating further value for our investors.”
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.
Vice President, Corporate Marketing & Communications
5 Douglas Street, Suite 301
Guelph, Ontario N1H 2S8