Description
Skyline International Development Inc. (Skyline) is a private Canadian investment and management company incorporated on December 4, 1998. Skyline shareholders are two public companies Mishorim & ILDC, both traded on the Tel-Aviv stock exchange (MSHR, ILDC).
From a relatively humble beginning, Skyline has grown rapidly and has become a significant and recognized player in the Toronto, Quebec and central Canada real estate markets.
Over time, Skyline has pursued a deliberate strategy of diversification into larger scale real estate projects and in so doing, has attracted investment capital which, in combination with Skylines own equity resources, has allowed it to acquire over two million square feet of real estate.
Skyline prides itself on applying an innovative approach whenever possible, to create and unlock the value in its acquisitions. Based on its successful reputation, Vendors are confident that when Skyline offers to purchase an asset, be it off market or on market, Skyline will close the transaction.
Skyline takes a direct ownership stake in each acquisition, usually between 25 and 100 percent. In addition, ILDC (one of Skylines shareholders), has the right to participate in every acquisition and has, in fact, done so in most of our major acquisitions, as did The Mishorim Group. Participation by ILDC and The Mishorim Group has ensured that Skyline and its shareholders hold significant equity positions while allowing Skyline to leverage its capital.
Skyline has been fortunate to secure acquisition financing from many established lenders, including Credit Swiss First Boston, CDPQ/MCAP, HSBC Bank Canada, CIBC, Equitable Trust, Manulife, Community Trust, First National, ROI Capital, Romspen, BDC and Bank Hapoalim.