Skyline Retail REIT Acquires 9-Property Western Canada Portfolio

Posted On October 24, 2018

On October 24, 2018, the Skyline Retail REIT, a privately-owned and managed portfolio of retail properties across Canada, announced the acquisition of a substantial 9-property portfolio of assets across Western Canada.

Property Address

Notable Tenant Service Types

Total Square Footage

Purchase Price

1131 Lawson Avenue, Kelowna, BC

Grocery; Pharmacy

32,532

$10.4M

2211 Pembina Highway, Winnipeg, MB

Grocery; Pharmacy

15,780

$6.3M

6660 Sooke Road, Sooke, BC

Grocery; Pharmacy; Medical; Liquor; Restaurant; Dollar Store

68,809

$19.25M

9910-9940 92nd Street, Grande Prairie, AB

Pharmacy; Bank; Liquor; Fitness; Restaurant

43,017

$15.9M

13010-137th Avenue NW, Edmonton, AB

Pharmacy; Auto

23,200

$3.8M

100-420 Manning Cross NW, Edmonton, AB

Bank; Restaurant; Daycare; Dental; Medical; Fitness; Pharmacy

64,555

$22.7M

139 Victoria Avenue East, Brandon, MB

Pharmacy

16,986

$4.55M

382 & 390 Main Street, Steinbach, MB

Pharmacy; Medical; Insurance

20,956

$6M

777 Sherbrook Street, Winnipeg, MB

Pharmacy

16,839

$5.8M

Together, the portfolio comprises 302,674 square feet of retail space. The total purchase price was $94.7M. These properties are the Skyline Retail REIT’s first purchases in the provinces of BC, MB, and AB.

Introduced in 2013, the Skyline Retail REIT is fully managed and operated by the Skyline Group of Companies, a Guelph, ON-based real estate acquisition, management, and investment firm.