Brooks Landing Centre

Terracap first purchased Brooks Landing Shopping Centre in 2004, after it was de-malled and transformed from an interior mall to an exterior grocery anchored retail due to significant and persistent vacancies. The property since being acquired has maintained close to 100% occupancy on a consistent basis. The centre is located in Nanaimo, on Vancouver Island in British Columbia, 1 kilometre from the ferry terminal on the main access road and close to schools and transportation. Terracap acquired the centre when the Nanaimo market was a stagnant, secondary market, anticipating that the strength of Victoria’s market would soon spill over and result in growth for the area. Through dedicated management and a significantly improved market, the vacant spaces have been leased out. The centre is now a full-service shopping centre, with a diverse collection of leasing retail and services, surrounded by the Government of British Columbia buildings, big box retailers such as Staples, gas, food and convenience stores such as Tim Hortons. Major tenants: Staples, Home Hardware, Save On Foods, The Landing Liquor Store.