Skyline Commercial REIT Rounds Out 2021 With A 745,000 Square Feet Acquisition In Sales / Warehousing; another 2 million square meters in development


151 Avenue Reverchon, Point-Claire, QC

A 325,000 square foot industrial development that is part of the Skyline Commercial REIT development pipeline.

A 325,000 square foot industrial development that is part of the Skyline Commercial REIT development pipeline.

11215 Boulevard Métropolitain Est, Montreal-Est, QC

A 250,000 square foot industrial development that is part of the Skyline Commercial REIT development pipeline.

A 250,000 square foot industrial development that is part of the Skyline Commercial REIT development pipeline.

A 250,000 square foot industrial development that is part of the Skyline Commercial REIT development pipeline.

Guelph, Ontario, December 22, 2021 (GLOBE NEWSWIRE) – 2021 has been a busy year for Skyline Commercial REIT, a privately held and managed portfolio of industrial real estate across Canada.

The REIT acquired three properties in 2021:

  • A 97,312 square foot warehouse located at 417 Advance Boulevard in Tecumseh, Ontario that is occupied by Ground Effects

  • A 498,000 square foot distribution center located at 6600 72nd Avenue Southeast in Calgary, Alberta that is 100% owned by Canadian Tire

  • A 150,000 square foot warehouse located on 261085 High Plains Boulevard in Rocky View County, Alberta that is 100% owned by CHEP Canada

Together the assets amount to more than 745,000 square meters.

“Our acquisitions in 2021 reflect the REIT’s strategy to focus on increasing the weighting of the portfolio in the warehousing, distribution and logistics sectors,” said Michael Mackenzie, President, Skyline Commercial REIT. “

Last year, the REIT also had a sizeable pipeline of new logistics and warehouse developments through its development partnerships in Montreal and Calgary. By 2024, this initiative aims to provide the REIT with nearly 2 million square feet of modern, well-located logistics and warehouse space.

Currently active developments

development

Square footage

delivery date

11215 Boulevard Métropolitain Est, Montreal-Est, QC

250,000

Q1 2022

151 Avenue Reverchon, Pointe-Claire, QC

325,000

Q1 2022

6200 Rue Notre-Dame Est, Montreal, QC

102,000

Q1 2023

6000 Transcanadienne route, Pointe-Claire, QC

270,000

Q2 2023

3601 Avenue de la Gare, Mascouche, QC

260,000

Q3 2023

137 Boulevard Bellerose Ouest, Laval, QC

296,000

Q3 2023

“Skyline Commercial REIT is playing an active role in meeting the changing needs of tenants as the landscape of light industrial real estate changes,” said Mackenzie.

“The demand for larger logistics and storage facilities continues to grow and we are responding with new developments in underserved large markets. These areas will enable tenants to provide storage, distribution and last-mile services for e-commerce companies more efficiently. “

Also in 2021 were four sales transactions for Skyline Commercial REIT, totaling 597,000 square feet with gross proceeds of $ 87.4 million:

  • 5 Cochran Drive, Ayr, Ontario

  • Newbold Business Park (nine buildings on Newbold Street and Consortium Court), London, Ontario

  • 2410, 2460 & 2500-2510 Tedlo Street, Mississauga, Ontario

  • 2187 & 2215 Huron Church Road, Windsor, Ontario

“The capital from these sales will be diverted into the REIT’s development pipeline of advanced, well-located logistics and warehouse facilities in key markets for the portfolio,” said Mackenzie. “It is also redirected to new opportunities that are in line with the REIT’s strategy of mainly acquiring newer products in the warehousing, distribution and logistics sectors.”

About Skyline Commercial REIT

Skyline Commercial REIT (the “REIT”) is a privately held and managed portfolio of commercial real estate focused on the acquisition of industrial and logistics real estate along major highway corridors and transportation routes in Canada. Skyline Commercial REIT is sold as an alternative investment product through Skyline Wealth Management Inc. (“Skyline Wealth”), the preferred exempt market dealer for the REIT. Skyline Commercial REIT is committed to providing excellent business locations and world class service to its tenants while creating value with the aim of providing stable returns to its investors.

To learn more about Skyline Commercial REIT, please visit SkylineCommercialREIT.approx.

To learn more about additional alternative investment products offered by Skyline Wealth, please visit SkylineWealth.de.

Skyline Commercial REIT is operated and managed by Skyline group of companies.

Attachments

CONTACT: Jeff Stirling, Director of Marketing, Skyline Group of Companies Skyline Group of Companies 5198260439 [email protected]


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