Skyline Commercial REIT Acquires its First Property of 2013!
January 11, 2013 - Press Release
January 11, 2013 – Skyline Commercial REIT made its first acquisition of 2013 on Wednesday, January 9th. The property, located at 425 Clair Road West in Guelph, had a $2.75 million purchase price, and is made up of 32,498 square feet of commercial space.
This new acquisition is Skyline Commercial REIT’s first commercial property in Guelph.
“425 Clair Road West is a well-maintained industrial property located in Guelph’s rapidly developing south-end industrial market,” says Mike Bonneveld, Director of Acquisitions at Skyline Asset Management, Inc. “The building is also well-positioned, just moments off the Hanlon Expressway, and is 100% leased to Viqua, a very strong and growing tenant. Skyline Commercial REIT is excited to acquire its first property in Guelph, Skyline Group of Companies’ home town, and looks forward to further expanding and enhancing its presence in this market.
Post-acquisition, Skyline Commercial REIT currently comprises 38 properties spread out across 10 Ontario communities, and approximately 1,702,492 square feet of commercial space. The total internally appraised IFRS value of Skyline Commercial REIT is approximately $146 million.
About Skyline Commercial REIT
Skyline Commercial REIT (the “REIT”) is a privately owned and managed portfolio of commercial properties, focused on acquiring industrial and logistics-centred properties along major highway corridors and transportation routes in Canada.
Skyline Commercial REIT is distributed as an alternative investment product through Skyline Wealth Management Inc. (“Skyline Wealth”), the exclusive Exempt Market Dealer for the REIT.
Skyline Commercial REIT is committed to providing outstanding places to do business and superior service to its tenants, while surfacing value with a goal to deliver stable returns to its investors.
To learn more about Skyline Commercial REIT, please visit SkylineCommercialREIT.ca.
To learn about additional alternative investment products offered through Skyline Wealth, please visit SkylineWealth.ca.
Skyline Commercial REIT is operated and managed by Skyline Group of Companies.
For media inquiries, please contact:
Jeff Stirling
Vice President, Corporate Marketing & Communications, Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8
(519) 826-0439(519) 826-0439 x 243
Related Articles:
Skyline Commercial REIT Acquires Additional Kitchener, ON Property at 50 Washburn Drive
July 9, 2018
On July 9, 2018, Skyline Commercial REIT, a privately-owned...Skyline Commercial REIT Purchases 4th Windsor, ON Property
December 16, 2015
On Tuesday, December 15th, 2015, Skyline Commercial...Skyline Commercial REIT Purchases Industrial Portfolio in Calgary, AB
March 25, 2020
On March 25th, 2020, Skyline Commercial REIT announced...