On April 6, 2021, Skyline Retail REIT purchased a property located at 750-810 Rue Saint-Paul, Saint-Rémi, Quebec (south of Montreal).
The property comprises 62,348 square feet of retail space. It totals 7 tenants and is anchored by IGA (Sobeys) grocery store. Additional tenants include Uniprix pharmacy, and Tim Hortons.
The total purchase price for the property was $18 million.
“Skyline Retail REIT is entering its second new community of 2021 with the purchase of Marché Saint-Rémi,” said Gordon Driedger, President, Skyline Retail REIT.
“Through 2021 so far, we’re continuing to see favourable acquisition opportunities with retail spaces anchored by tenants providing essential services, such as grocery and pharmacy, in high-traffic locations.”
Located in east Saint- Rémi (south of Montreal), this complex is positioned just off Hwy 221 (Boulevard Saint-Rémi) with complementary shopping and restaurants nearby.
Post-acquisition, Skyline Retail REIT comprises 112 properties in 68 communities in five provinces across Canada, with a total of 4,735,473 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”), the exclusive Exempt Market Dealer for the REIT.
Skyline Retail REIT is committed to providing outstanding places to conduct business and services. It prioritizes 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, please visit SkylineWealth.ca.
Skyline Retail REIT is operated and managed by Skyline Group Of Companies.
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