[Guelph, ON – June 29, 2021]
On June 29, 2021, SkyDev, along with Skyline Commercial REIT and its partners Rosefellow and FIT Ventures, celebrated at a groundbreaking ceremony for two new industrial/logistical development projects on the Island of Montreal, which began construction earlier this year:
- 151 Avenue Reverchon, Pointe-Claire, Quebec – a 325,000 SF build
- 8300 Place Marien & 11235 Boulevard Metropolitain Est, Montreal, Quebec – a 250,000 SF build
The developments are owned by Skyline Commercial REIT in partnership with Rosefellow and FIT Ventures. SkyDev provided the REIT with consulting services for both projects.
“Skyline Commercial REIT’s current development focus allows us to build a pipeline of product for investment that are best-in-class, in the best locations, and at the best price,” said Michael Mackenzie, President, Skyline Commercial REIT.
“Through developing purpose-built Class A assets in underserved major markets, we are able to meet the specific requirements of the new supply chain, fulfill rising tenant demands, and increase value for Skyline Commercial REIT investors.”
In addition to the Avenue Reverchon and Boulevard Metropolitain Est developments, Skyline Commercial REIT has formally partnered with Rosefellow and FIT Ventures in launching a $100M industrial development fund in Quebec. This partnership, RF Limited Partnership I, was featured on RENX.ca news earlier this year. To learn more about Skyline Commercial REIT developments, visit SkylineCommercialREIT.ca.
Through this investment, Skyline Commercial REIT and its fund partners aim to supply roughly 2 million square feet of sought-after new industrial/logistical development to the Montreal area over the next two to three years.
Skyline Commercial REIT identified Montreal as an underserved major market where the demand for logistics and warehousing facilities is very strong and current vacancy rates are historically low.
SkyDev is a real estate development and construction oversight firm based in Guelph, Ontario.
Providing its services to Skyline Group of Companies, as well as new partnership ventures, SkyDev aims to be the property developer of choice among its key stakeholders.
SkyDev is committed to creating meaningful value through its expertise in the development of sustainable multi-residential, office, and retail real estate across Canada.
To learn more about SkyDev, please visit SkyDev.ca.
SkyDev is part of Skyline Group Of Companies.
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”), 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, please visit SkylineWealth.ca.
Skyline Commercial REIT is operated and managed by Skyline Group of Companies.
For media inquiries about SkyDev or Skyline Commercial REIT, please contact:
Director of Marketing
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8