[Guelph, Ontario – January 21, 2022]
Skyline Commercial REIT, a privately owned and managed portfolio of industrial properties across Canada, kicked off 2022 with a significant portfolio disposition.
On January 21, 2022, the REIT sold a portfolio of four industrial properties for $80,125,000 located in Dorval and Lachine, suburbs of Montreal, QC, which was brokered by RBC Capital Markets Real Estate Group Inc.:
- 2945 Avenue André, Dorval, QC
- 3145-3185 Joseph-Dubreuil Street, Lachine, QC
- 1625 32e Avenue, Lachine, QC
- 1795 32e Avenue, Lachine, QC
The portfolio totals 402,709 square feet of small-bay, multi-tenant industrial space.
“Skyline Commercial REIT remains active in refining its portfolio to increase its weighting in the warehousing, distribution, and logistics sector—this portfolio sale aligns with that strategy,” said Michael Mackenzie, President, Skyline Commercial REIT.
“The proceeds from this sale will be redeployed toward our existing development pipeline and anticipated acquisitions involving modern, state-of-the-art warehousing and logistics facilities. Skyline Commercial REIT continues to identify opportunities that we believe can surface further value for its investors through stable and growing distributions.”
The portfolio was sold to KingSett Real Estate Growth LP No. 7 and Candev Immobilia Inc.
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