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.