Skyline Industrial REIT Breaks Ground on New Development in Montreal

[Guelph, Ontario – September 20, 2022]

On November 15, 2022, Skyline Industrial REIT held a private groundbreaking ceremony for a new industrial/logistical development project on the Island of Montreal.

The project, located at 6010 Rue Notre-Dame East, Montreal, began construction earlier this year.

The location offers direct access to main thoroughfares, and immediate access to the islands port facilities.

This state-of-the-art property is owned by Skyline Industrial REIT in partnership with Rosefellow and Quebec-based FIT Ventures. Upon completion, the project will offer approximately 97,000 square feet of industrial space.

“Skyline Industrial REIT is proud to be celebrating the beginning of another industrial development project in the City of Montreal.” said Mike Bonneveld, President, Skyline Industrial REIT.

“Skyline’s strong relationship with Rosefellow and FIT Ventures has allowed us to experience great success. We are excited to continue to deliver state-of the-art facilities that meet the growing demand for purpose-built warehousing and logistics space in Montreal, well into the future, under this partnership. Thank you to all parties involved.”

In addition to Notre-Dame Est, the REIT, along with its partners, have already completed two development projects in Montreal, of which Skyline Industrial REIT is now the sole owner. Via its co-investment with Rosefellow and FIT Ventures, there are an additional eight planned development projects, expected to be completed by the end of 2025, adding nearly 2.5 million square feet of industrial/logistical space to the city of Montreal.

“6010 Rue Notre-Dame East is the first of several A-class industrial buildings built on spec by ROSEFELLOW in the GMA in the next 12 months in partnership with Skyline Industrial REIT and FIT Ventures. We are excited to bring this Class A industrial spec building to the island of Montreal in early 2023.” said Sam Tsoumas, Co Founder/ Co President, ROSEFELLOW.

To learn more about Skyline Industrial REIT developments, visit https://www.skylineindustrialreit.ca/new-property-development-and-partnerships/

¹Skyline Industrial REIT was previously Skyline Commercial REIT. As a result of the REIT’s increasing focus on modern warehousing and logistics assets, the REIT updated its name 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 Management”), 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 Management, please visit SkylineWealth.ca.

Skyline Industrial REIT is operated and managed by Skyline Group Of Companies.

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