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Maritimes  + Canada  + Quebec  + Retail  | 
Leyad has expanded into Nova Scotia through the acquisition of North Sydney Mall.

Leyad Acquires North Sydney Mall

Leyad has expanded into Nova Scotia through the acquisition of a large shopping centre in North Sydney.

Montreal-based Leyad purchased the 182,031-square-foot North Sydney Mall in North Sydney, N.S. The purchase price was not disclosed.

Leyad said in a news release that deal marks a new era in the investment and development company’s Maritimes expansion program. The firms also operates in Moncton, N.B., as well as its Quebec base.

The acquisition is particularly strategic due to the mall’s location in the Cape Breton Regional Municipality. The company called the mall “a cornerstone of retail in the region.”

The mall’s major tenants include Walmart, Sobeys, Dollarama and the Nova Scotia government, which has office at the location.

Leyad’s planned improvements include the revitalization of the property’s infrastructure.

Founded and headed by Henry Zavriyev, Leyad specializes in the design, construction and management of residential, commercial, and mixed-use properties.

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Inside The Story

Henry Zavriyev

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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