Leyad, a Montréal-based real estate investment and development firm focused on acquiring and repositioning underutilized assets across Canada, has announced the successful sale of a retail site in Québec City to Costco Wholesale Corporation.
The transaction reflects its continued focus on strategic asset repositioning and its ability to execute high-impact deals with leading national tenants, said the company.
Since acquiring the property, Leyad implemented a focused value-add strategy to enhance the site’s appeal and long-term viability. The result was a well-positioned asset that attracted one of North America’s most respected retail brands, it said.
“This deal exemplifies Leyad’s ability to identify opportunity, act decisively, and create value through strategic execution,” said Henry Zavriyev, President of Leyad. “We are proud to have transacted with Costco and look forward to continuing to grow our presence in the Canadian retail market.”
The Québec City sale supports Leyad’s broader strategy of acquiring high-potential assets, unlocking their value, and pursuing timely dispositions. The company remains active across Canada and is currently evaluating new retail investment opportunities, added the company.
The site is at Mega Centre Lebourgneuf, located at 5600 Boul des Gradins in Quebec City.
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