[Guelph, ON – March 31, 2022]
On March 31, 2022, Skyline Commercial REIT purchased a multi-tenant industrial property at 454 & 468 Innovation Way, Woodstock, ON.
The property comprises 200,060 square feet of industrial space on 12.2 acres. The facilities were built in 2019 and 2020, offer clear heights of 28’, and are 100% leased.
“This transaction is representative of Skyline Commercial REIT’s strategy to acquire optimally-located, modern industrial assets,” said Michael Mackenzie, President, Skyline Commercial REIT.
“The property’s proximity to Highways 401 and 403 aligns with our focus on facilities that serve the needs of businesses operating within the warehousing, distribution, and logistics sector. The REIT’s management will continue to identify opportunities for the REIT that can be accretive to unit value such as strategic acquisitions and developments.”
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