[Skip to Content]

Skyline Retail REIT Adds to Montreal, QC Holdings; Enters City of Longueuil, QC

Posted On February 3, 2020

Skyline Retail REIT - 12285-12421 Rodolphe Forget, Montreal, QC

On January 30, 2020, the Skyline Retail REIT, a privately-owned and managed portfolio of retail properties across Canada, announced the acquisition of three properties: two located in Montreal, QC, and one located in the neighbouring city of Longueuil, QC.

Property Address

Anchor Tenants

Total Square Footage

Purchase Price

1220, 1300-1400 Saint-Jean Baptiste, Pointe-aux-Trembles (Montreal), QC

Metro

Tim Hortons

Jean Coutu

115,810

$19.5 million

12285-12421 Boulevard Rodolphe-Forget, Montreal, QC

Sobeys

National Bank

Tim Hortons

68,115

$16.5 million

2235-2261 Boulevard Roland-Therrien, Longueuil, QC

Scotiabank

42,392

$12.4 million

“These properties represent very strong, resilient retail assets in urban Montreal, with strong growth profiles, both in the immediate and long term,” said Gordon Driedger, President, Skyline Retail Asset Management Inc. 

“We believe the properties will be excellent additions to the Skyline Retail REIT’s growing footprint in the Greater Montreal Area.”

The Skyline Retail REIT has enjoyed a presence in the Montreal, QC area with four retail properties (not including the recent purchases). The Skyline Apartment REIT and Skyline Commercial REIT are also established within the city, with one apartment property and four industrial properties, respectively.

Post-acquisition, the Skyline Retail REIT comprises 110 properties in 66 communities in five Canadian provinces, with a total of 4,501,872 square feet of retail space.

Introduced in 2013, the Skyline Retail REIT is fully managed and operated by the Skyline Group of Companies, a Guelph, ON-based real estate acquisition, management, and investment firm.


Similar News Items

Skyline Retail REIT Adds to Montreal, QC Holdings; Enters City of Longueuil, QC

Posted On February 3, 2020

Retail REIT expands its presence in the Greater Montreal Area

Read the full post

Skyline Retail REIT Sells Property in Timmins, ON

Posted On February 3, 2020

The Retail REIT sold a property at 414 Algonquin Boulevard East

Read the full post

Skyline Community Hub Signage Installed & First Two Tenants Move In

Posted On January 29, 2020

Despite the freezing January weather, developments are well underway at the Hub.

Read the full post