Leyad Corporation, a Montreal-based real estate development company, has acquired the North Sydney Mall in North Sydney, Nova Scotia.
The financial terms of the deal were not disclosed. According to the company, the acquisition adds 182,031 square feet of retail space to Leyad’s portfolio and further expands Leyad’s presence in the Maritime market.
“This acquisition is not just about expanding our portfolio – it’s about investing in the community,” said Henry Zavriyev, Leyad’s CEO. “The North Sydney Mall stands as a beacon of economic vitality and community spirit in Cape Breton. Our vision at Leyad is to enhance this iconic mall, transforming it into not only a shopping destination but a center for community life and engagement.”