PROPERTY MANAGEMENT

SHOPPING CENTRE LEASING

RETAIL DEVELOPMENT

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  • Investment Sale Case Study - Assume The Obvious

  • One of the challenges of selling grocery anchored shopping centres is weak food store sales. Investors know that grocery store performance can make or break a centre. This centre was anchored by a Dutch Boy supermarket (at the time part of Oshawa Foods) whose sales did not impress. Our work uncovered a lack of interest in the asset in the marketplace….surprising, considering that 85% of the leasable space was occupied by 2 national tenants. LINKS therefore turned its attention to the tenant’s parent company, Oshawa Holdings.
    The asset was properly priced and the purchase made sense to Oshawa, who felt that their ownership of the real estate would allow them to better direct the store’s future and control its profitability.