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Alberta & Prairies  + Finance  |  September 2, 2025
Photo of a Quebec City retail site sold by Leyad to Costco. Photo: CNW Group/Leyad.
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By: Monte Stewart

Leyad Sells Quebec City Retail Site to Costco

Leyad has sold a retail site in Quebec City to Costco for an undisclosed price.

Montreal-based Leyad said the sale supports the company’s broader strategy of acquiring high-potential assets, unlocking their value and pursuing timely dispositions. Since acquiring the property, Leyad has implemented a value-add strategy designed to enhance the asset’s appeal and long-term viability.

“This deal exemplifies Leyad’s ability to identify opportunity, act decisively, and create value through strategic execution,” said Henry Zavriyev, president and CEO of Leyad. “We are proud to have transacted with Costco and look forward to continuing to grow our presence in the Canadian retail market.”

Pictured: Quebec City retail site acquired by Costco from Leyad.

Photo: CNW Group/Leyad

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Inside The Story

Henry ZavriyevLeyad

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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