Crombie REIT

Crombie REIT is pursuing approximately $350 million in acquisitions involving 28 Canadian retail properties, including 13 in Ontario. The expansion will increase its grocery-anchored holdings as the landlord reports strong leasing conditions, advances new developments and sells weaker shopping centres.

High occupancy and stronger replacement rents coexist with costly anchor redevelopments. Retail Insider’s Q3 report examines why openings, rent commencement and capital returns will determine the value of current leasing progress.

Crombie REIT reported a 3 per cent increase in third-quarter funds from operations per unit, stronger rental rates and a planned $134-million acquisition of 13 Ontario retail properties.

Canadian retail property conditions remained selective during Q3 2026, with near-full necessity-oriented portfolios contrasting with major former department-store vacancies. The report examines leasing spreads, committed occupancy and redevelopment requirements, focusing on the capital and execution needed to produce open, rent-paying space.

Crombie REIT posted a seventh consecutive quarter of double-digit renewal rent growth as demand remains strong for grocery-anchored retail space across Canada.

Harden and Crombie break ground on Faubourg Contrecœur, a $30M retail hub anchored by IGA extra, opening summer 2026 in Montreal’s east end.

The foodservice concept is growing its presence with nearly two dozen locations in the next 12 months.

The REIT with grocery-anchored retail is looking to the future by developing checks and protocols around the environment and sustainability.

Newfoundland's leading shopping centre has completed a multi-year overhaul to create a showpiece.

A new seamless ‘racetrack’ configuration is part of the big changes to the mall that will also include new national and international retail brands following the partial demolition of a Sears box.

The top shopping centre in Newfoundland and Labrador has announced first-to-market tenants usually found in major cities, as the landlord invests heavily in the property as part of a three-year project that includes redeveloping a former Sears box.