Leyad has acquired the South Hill mall in the secondary market of Prince Albert, Sask.

The Montreal based investment and development company made its third large shopping centre purchase in the northern Saskatchewan community after previously acquiring the Cornerstone and Stockyards malls.

“With the acquisition of South Hill mall, Leyad continues to fulfill its commitment to fostering vibrant and convenient shopping experiences for the communities we serve,” said Henry Zavriyev, Leyad’s founder and CEO. “This strategic investment strengthens our retail presence in Prince Albert and allows us to leverage synergies across our properties, driving greater efficiencies in management and operations.”

Leyad said the addition of South Hill mall aligns with the company’s long-term vision to develop a cohesive network of high-quality retail spaces that meet the needs of both shoppers and business partners. By integrating management systems and streamlining operations, the company aims to enhance the customer experience, attract new businesses, and support local economic growth.

“Having a more robust footprint in Prince Albert allows us to optimize our resources and better serve the community,” Zavriyev added. “We look forward to working with current and future tenants to create a thriving retail ecosystem that benefits everyone.”

Pictured: South Hill mall in Prince Albert, Sask.

Photo: CNW Group/Leyad