Skyline Commercial REIT Signs 10-Year Lease with Global Premium Coffee Brand

[Guelph, Ontario – April 5, 2022]

Skyline Commercial REIT has signed a 10-year lease agreement with Nespresso, a premium coffee brand, at its 151 Avenue Reverchon development in Pointe-Claire, QC. The property, which will be Nespresso’s newest distribution centre in Canada, is being developed by the REIT in collaboration with Rosefellow and F.I.T. Ventures.

Nespresso, which has its headquarters in Switzerland, is now accessible in over 82 countries and is a subsidiary of Nestlé, the world’s largest food and beverage corporation.

“Skyline Commercial REIT is pleased to have Nespresso choose this development as its newest distribution centre in Canada,” said Michael Mackenzie, President, Skyline Commercial REIT.

“We believe this choice highlights the quality of assets being produced within the REIT’s development pipeline alongside its partners, Rosefellow and F.I.T. Ventures. We look forward to growing our relationship with Nespresso and working with such a strong global brand that is a leader in the premium coffee industry.”

“We are pleased to welcome Nespresso Canada, a brand we greatly admire, and allow it to strengthen its presence in this strategic sector in Montreal’s West Island. This agreement is an important mark of trust and is further proof of the quality of the industrial projects that our team and partners work tirelessly to develop,” mentioned Sam Tsoumas, Co-founder of Rosefellow.

“It is a privilege for F.I.T. Ventures to be once again associating with our partners Rosefellow and Skyline Commercial REIT to undertake this project which responds to the needs of a rapidly growing market and further raises the bar in terms of construction within Montreal’s real estate sector. We sincerely thank Nespresso for the trust it places in our consortium which is already teeming with ideas for new projects,” indicated Alexandre Leclerc, Partner at F.I.T. Ventures.