[Guelph, Ontario – August 15, 2022]
On August 15, 2022, Skyline Retail REIT purchased a newly built, grocery-anchored shopping centre located at 170-182 Saint-Luc Boulevard, 1216-1271 Douglas Street, and 1305-1325 Douglas Street, Saint-Jean-sur-Richelieu, Quebec. The property totals 166,107 square feet and comprises 30 tenants, including IGA, Dollarama, Tim Hortons, and SAQ (provincial liquor store). The property is 96.4% occupied.
“The Retail REIT is happy to be entering a new community with our most recent acquisition in the city of Saint-Jean-sur-Richelieu, just south of Montreal,” said Gordon Driedger, President, Skyline Retail REIT.
“Located on the northern side of the city, this newly built, grocery-anchored shopping center is intermediate to two major transportation routes, providing excellent visibility for tenants and convenient service to nearby residents.”
Post-acquisition, Skyline Retail REIT comprises 116 properties in 70 communities in 5 provinces across Canada, with a total of 5,264,227 square feet of retail space.
About Skyline Retail REIT
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 preferred Exempt Market Dealer for the REIT.
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, please visit SkylineWealth.ca.
Skyline Retail REIT is operated and managed by Skyline Group Of Companies.
For media inquiries, please contact:
Vice President, Corporate Marketing & Communications, Skyline Group of Companies
Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, Ontario N1H 2S8