Skyline Commercial Management Inc. Archives

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 Commercial REIT Skyline Commercial REIT (the “REIT”) is a privately owned and managed portfolio of commercial properties, focused on acquiring industrial and logistics-centred properties along major highway corridors and transportation routes in Canada. Skyline Commercial REIT is distributed as an alternative investment product through Skyline Wealth Management Inc. (“Skyline Wealth Management”), the exclusive Exempt Market Dealer for the REIT. Skyline Commercial 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 Management, please visit SkylineWealth.ca. Skyline Commercial REIT is operated and managed by Skyline Group Of Companies. For media inquiries, please contact: Cindy Beverly Vice President, Marketing & Communications Skyline Group of Companies 5 Douglas Street, Suite 301 Guelph, Ontario N1H 2S8 cbeverly@skylinegrp.ca

Skyline Commercial REIT sells Newbold Business Park