The Village Shopping Centre in St. John’s is pictured in this file photo. Photo by The TelegramArticle contentThe Village Shopping Centre in St. John’s is under new ownership.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY.Subscribe now to access this story and more:Unlimited access to the website and appExclusive access to premium content, newsletters and podcastsFull access to the e-Edition app, an electronic replica of the print edition that you can share, download and comment onEnjoy insights and behind-the-scenes analysis from our award-winning journalistsSupport local journalists and the next generation of journalistsSUBSCRIBE TO UNLOCK MORE ARTICLES.Subscribe or sign in to your account to continue your reading experience.Unlimited access to the website and appExclusive access to premium content, newsletters and podcastsFull access to the e-Edition app, an electronic replica of the print edition that you can share, download and comment onEnjoy insights and behind-the-scenes analysis from our award-winning journalistsSupport local journalists and the next generation of journalistsRegister to unlock more articles.Create an account or sign in to continue your reading experience.Access additional stories every monthShare your thoughts and join the conversation in our commenting communityGet email updates from your favourite authorsSign In or Create an AccountorArticle contentIn a social media post on Aug. 20, the Quebec-based group Leyad announced that they had acquired the St. John’s mall and added it to its stable of 26 shopping centre properties across Canada.Article contentArticle contentThe Village and its 54 stores had previously been under the ownership of Plaza REIT since 2006. It’s been part of the city’s west end shopping scene since it opened in 1978.Article contentArticle contentThat’s in the past now, as Leyad has stepped in to run the property.Article contentThe Village has long been a staple of the St. John’s shopping scene. It’s seen its fair share of departures over the years – namely its famous fountain – but it got a shot in the economic arm, so to speak, with the arrival of a No Frills grocery store late last year.Article contentThe centre also boasts a Sportchek, Home Hardware and a Urban Planet, amongst other retailers. Those are enough to bring in over 3.8 million shoppers a year.Article contentFirst time in NLArticle contentBased in Montreal, Leyad has existed since 2012 as a development firm.Article contentWith the addition of the Village to their roster, they own shopping centres from British Columbia to St. John’s and just about everywhere in between.Article contentMost of those properties appear to be mid-sized retail centres.Article contentAccording to their website, Leyad also manages some residential, industrial and hospitality properties across the country and in the United States.Article contentThe Telegram reached out to Leyad but interview requests were not returned prior to deadline.Article content
Quebec-based firm buys The Village Shopping Centre in St. Johns
