Skyline Commercial REIT Signs 10-Year Lease with Global Premium Coffee Brand
April 5, 2022 - Press Release
[Guelph, Ontario – April 5, 2022]
Skyline Commercial REIT has signed a 10-year lease agreement with Nespresso, a premium coffee brand, at its 151 Avenue Reverchon development in Pointe-Claire, QC. The property, which will be Nespresso’s newest distribution centre in Canada, is being developed by the REIT in collaboration with Rosefellow and F.I.T. Ventures.
Nespresso, which has its headquarters in Switzerland, is now accessible in over 82 countries and is a subsidiary of Nestlé, the world’s largest food and beverage corporation.
“Skyline Commercial REIT is pleased to have Nespresso choose this development as its newest distribution centre in Canada,” said Michael Mackenzie, President, Skyline Commercial REIT.
“We believe this choice highlights the quality of assets being produced within the REIT’s development pipeline alongside its partners, Rosefellow and F.I.T. Ventures. We look forward to growing our relationship with Nespresso and working with such a strong global brand that is a leader in the premium coffee industry.”
“We are pleased to welcome Nespresso Canada, a brand we greatly admire, and allow it to strengthen its presence in this strategic sector in Montreal’s West Island. This agreement is an important mark of trust and is further proof of the quality of the industrial projects that our team and partners work tirelessly to develop,” mentioned Sam Tsoumas, Co-founder of Rosefellow.
“It is a privilege for F.I.T. Ventures to be once again associating with our partners Rosefellow and Skyline Commercial REIT to undertake this project which responds to the needs of a rapidly growing market and further raises the bar in terms of construction within Montreal’s real estate sector. We sincerely thank Nespresso for the trust it places in our consortium which is already teeming with ideas for new projects,” indicated Alexandre Leclerc, Partner at F.I.T. Ventures.
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:
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
About Nespresso SA
Nestlé Nespresso SA is the pioneer and reference for highest-quality portioned coffee. The company works with more than 120,000 farmers in 15 countries through its AAA Sustainable Quality™ Program to embed sustainability practices on farms and the surrounding landscapes. Launched in 2003 in collaboration with the NGO Rainforest Alliance, the program helps to improve the yield and quality of harvests, ensuring a sustainable supply of high-quality coffee and improving livelihoods of farmers and their communities.
Headquartered in Lausanne, Switzerland, Nespresso operates in 81 countries and has over 13’000 employees. In 2022, it operated a global retail network of 802 boutiques. For more information, visit the Nespresso corporate website: www.nestle-nespresso.com
For media inquiries about Nespresso Canada, please contact:
Rosefellow was founded by two former competitors in Montreal’s growing real estate industry who later became friends and then business partners. The firm has grown into a leader in the city’s property management sector. Rosefellow designs, builds and manages residential, commercial and industrial properties that constantly push the boundaries of sustainable innovation. Their successes include Le Cent-Onze, a residential rental project located in Ville St-Laurent, which is expected to be delivered in the summer 2022, as well as numerous industrial buildings in the Montreal region and in Ontario.
About F.I.T. Ventures
F.I.T. Ventures is a family office investment firm located in Montreal, Quebec. The firm oversees and manages a variety of investments focusing on private equity, real estate and public equities. For more information, visit the F.I.T. Venture website: https://fitventures.com/
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