[Guelph, ON – August 31, 2021]
On August 31, 2021, Skyline Commercial REIT sold Newbold Business Park in London, Ontario. The property comprised the following addresses:
- 500 – 530 Newbold Street
- 532 – 552 Newbold Street
- 560 – 594 Newbold Street
- 501 – 505 Newbold Street
- 35 Consortium Court
- 101-141, 201-241, 301-319, 321-357, 401-435 Consortium Court
- 501-537, 555-589 Consortium Court
- 601-637, 641-677, 681-705 Consortium Court
- 801-817, 821-861 Consortium Court
The property totals 365,093 square feet and was Skyline Commercial REIT’s only property in the city of London.
With this property sale, Skyline Commercial REIT will be leaving the London market.
“Skyline Commercial REIT management identified the Newbold Business Park portfolio in London, Ontario as a non-core asset appropriate for disposition,” said Michael Mackenzie, President, Skyline Commercial REIT.
“This disposition is representative of the REIT’s strategy to refine its portfolio to hold an increased weighting in the warehousing, distribution, and logistics sector. The capital from this sale will be redirected toward new opportunities with a continued focus on creating further value for our investors.”
About Skyline Industrial REIT
Skyline Industrial REIT (the “REIT”) is a privately owned and managed portfolio of industrial properties, focused on acquiring warehousing, distribution, and logistics-centred properties along major highway corridors and transportation routes in Canada.
Skyline Industrial REIT is distributed as an alternative investment product through Skyline Wealth Management Inc. (“Skyline Wealth”), the preferred Exempt Market Dealer for the REIT.
Skyline Industrial 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 about additional alternative investment products offered through Skyline Wealth, please visit SkylineWealth.ca.
Skyline Industrial 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