On December 18, 2020, Skyline Retail REIT, a privately-owned and managed portfolio of retail properties across Canada, announced the acquisition of two retail properties located at 675-677 Blvd des Seigneurs and 5661-5671 Blvd Laurier in the suburb of Terrebonne, QC (north of Montreal).
Together, the properties comprise 86,764 square feet of retail space. They are each anchored by grocery tenant IGA (Sobeys). The total purchase price for the properties was $16.9M.
| Property Address | Tenants | Total Sq. Ft. | Purchase Price |
|---|---|---|---|
| 675-677 Blvd des Seigneurs, Terrebonne, QC | IGA (Sobeys) | 39,286 | $6.87M |
| 5661-5671 Blvd Laurier, Terrebonne, QC | IGA (Sobeys) and Familiprix | 47,478 | $10.02M |
The properties are Skyline Retail REIT’s first purchases in the community of Terrebonne.
“We’re pleased to announce that Skyline Retail REIT has moved into another new community with its two purchases in Terrebonne, Quebec,” said Gordon Driedger, President, Skyline Retail Asset Management Inc.
“Both properties are grocery-anchored with IGA (Sobeys) as the anchor tenant, thereby classifying as ‘everyday essential’ services. The industry is taking notice that food-anchored centres and similar types of tenants are proving their strength amid COVID-19 in Canada.”
Skyline Retail REIT now comprises 110 properties in 66 communities in five provinces across Canada, with a total of 4,594,689 million 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 offered as an alternative investment product through Skyline Wealth Management Inc. (“Skyline Wealth Management”), the exclusive 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 Management, please visit SkylineWealth.ca.
Skyline Retail REIT is operated and managed by Skyline Group of Companies.
Bethany Curtis
Manager, Content Marketing and Communications, Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8
519.826.0439 x231