On Friday, November 17th, 2017, the Skyline Retail REIT purchased a six-property portfolio in the province of Quebec. The portfolio was purchased for $38.8M and comprises 129,137 square feet of retail space, with Sobeys (IGA and Ultramar Gas), Tim Hortons, and McDonalds as anchor tenants. In acquiring the portfolio, the Retail REIT has moved into an additional five communities in Quebec. The properties purchased are as follows:
25 Boulevard des Entreprises & 355 Montee Sanche, Boisbriand, QC
465 Avenue Bethany, Lachute, QC
2139 Rue L'Annonciation Sud, Riviere-Rouge, QC
10240 & 10250 Chemin Ste. Marguerite, Pointe-du-Lac, QC
2424 Rue Mathias & 2683 Boulevard du Royaume, Saguenay, QC
3751-3761 Boulevard du Royaume, Saguenay, QC
Post-acquisition, the Skyline Retail REIT comprises 87 properties in 54 communities across Ontario and Quebec, with over 2.5M square feet of retail space.