[Guelph, Ontario – June 13, 2022]
On June 13, 2022, Skyline Industrial REIT* sold a multi-tenant service commercial property located at 17 Woodyatt Drive, Brantford, Ontario.
The property totals 72,527 square feet of commercial space on 3.46 acres.
“Skyline Industrial 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 Mike Bonneveld Incoming President, Skyline Industrial 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 Industrial REIT continues to identify opportunities that we believe can surface further value for its investors through stable and growing distributions.”
Post-acquisition, Skyline Industrial REIT comprises 54 properties in 32 communities in 5 provinces across Canada, with a total of 6,387,250 square feet of commercial space.
* (As a result of the REIT’s increasing focus on modern warehousing and logistics assets, Skyline Commercial REIT has changed its name to Skyline Industrial REIT to better reflect its portfolio composition and target sector, effective June 14, 2022).
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