On September 28, 2018, the Skyline Retail REIT, a privately-owned and managed portfolio of retail properties across Canada, announced the acquisition of a 5-property portfolio of assets located in the city of London, Ontario.
| Property Address | Notable Tenant Service Types | Total Square Footage | Purchase Price |
|---|---|---|---|
| 1, 7, 11 Baseline Road East, London, Ontario | Grocery; Dollar Store; Bank | 60,744 | $14.2M |
| 1201 Oxford Street West, London, Ontario | Pharmacy; Bank | 34,066 | $13.75M |
| 387-401 Wellington Road, London, Ontario | Grocery; Dollar Store; Restaurant | 139,600 | $33.55M |
| 509 Commissioners Road West, London, Ontario | Grocery; Pet Store; Restaurant | 94,140 | $24.3M |
| 1030 Adelaide Street North, London, Ontario | Grocery; Bank; Restaurant | 80,938 | $14.8M |
Together, the portfolio comprises 409,488 square feet of retail space. The total purchase price was $100.6M.
Introduced in 2013, the Skyline Retail REIT is fully managed and operated by the Skyline Group of Companies, a Guelph, Ontario-based real estate acquisition, management, and investment firm.