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- Transaction aligns with Grosvenor\u2019s recently announced re-investment into <\/strong>Canada<\/strong><\/a><\/li>\n
- Highly desirable asset class features one of the province\u2019s top-performing Thrifty Foods\u00a0<\/strong><\/li>\n<\/ul>\n
VANCOUVER, British Columbia, Jan. 30, 2026 (GLOBE NEWSWIRE) — In line with Grosvenor\u2019s Canadian growth plan, Grosvenor Property Canada is pleased to announce it has acquired a 100% interest in Broadmead Village. Grosvenor and long-standing partner, ADMNS, a subsidiary of the Manitoba Civil Service Superannuation Board (CSSB), have owned Broadmead Village in equal partnership since 1997.<\/p>\n
The 128,018 sq. ft. open-air neighbourhood shopping centre is anchored by grocer Thrifty Foods and sits on 12.74 acres. It has long been one of the best performing assets within Grosvenor\u2019s Canadian property portfolio, exemplified by continued leasing momentum.<\/p>\n
Located in the heart of the Saanich peninsula on Vancouver Island, BC, Broadmead Village features an array of specialty shops and nationally branded stores and services. Its tenant mix is well-insulated from economic downturns with low historical turnover, vacancy, and strong performance. Not only is Thrifty Foods\u2019 Broadmead Village location one of the top performing stores in the Sobey\u2019s chain, this highly-desirable asset class<\/a> is a continued investment focus for Grosvenor\u2019s Canadian portfolio going forward. <\/p>\n
The transaction exemplifies Grosvenor\u2019s commitment to Canada, a region it\u2019s been investing in for over 70 years. \u201cWe view this purchase as an outstanding opportunity to further our investment into Canada. It highlights our strengths as an owner and manager, and follows our track record of developing and operating exceptional mixed use assets such as The Rise, Connaught and Grosvenor Ambleside<\/em>,\u201d said Robert Duteau, SVP of Investment for Grosvenor Property Canada<\/strong>, \u201cFurthermore, acquiring grocery-anchored retail at scale with future redevelopment potential is an approach we are very focused on here in Canada<\/em>.\u201d <\/p>\n
In 2012, Grosvenor modernized Broadmead Village in an award-winning renovation that showcased the company\u2019s long-term business approach to shaping a sustainable urban landscape. This earned the property Gold, Silver and Bronze accreditations from the Building Owners and Managers Association’s (BOMA) Building Environmental Standards program.<\/p>\n
\u201cGrosvenor\u2019s first-class management of Broadmead Village parallels our experience with them as a long-term investment partner on other properties. We are pleased with Broadmead Village\u2019s performance over the decades, and notably, Grosvenor\u2019s transformation of the property into one of Vancouver Island\u2019s top performing grocery-anchored retail plazas<\/em>,\u201d said Ian Cameron, Senior Portfolio Manager, Real Estate for Civil Service Superannuation Board (CSSB<\/strong>).<\/strong><\/p>\n
About Grosvenor<\/strong>\u00a0<\/p>\n
LinkedIn<\/a>\u202fInstagram<\/a>\u202fWebsite<\/a>\u00a0Report<\/a><\/p>\n
Grosvenor Property Canada is an owner, developer and investor in high quality mixed-use places as well as industrial properties.<\/p>\n
For over 70 years, we have supported the evolution of Metro Vancouver\u2019s urban landscape and socio-economic success: \u00a0<\/p>\n
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- creating sustainability-driven, transit-oriented mixed-use masterplan communities – where resident and customer wellbeing is prioritized – providing much needed homes, both directly and through our structured financing program.\u00a0<\/li>\n
- actively managing and developing over 185 acres of Annacis Island – Canada\u2019s first industrial park we developed and opened in 1955 – now a world-class distribution hub for Metro Vancouver and beyond.\u00a0<\/li>\n<\/ul>\n
Within the high-quality, vibrant communities in which we operate, we are known for our commitment to operational excellence. We take pride in our leadership role in reducing the carbon footprint of our portfolio and activities and in being recognized as one of the region’s top employers. As at December 31, 2025, GPC\u2019s total AUM is CAD$2.8 bn.<\/p>\n
For more information, please contact:<\/strong><\/p>\n
Cori Howard Communications
<\/strong>cori@corihowardcommunications.com<\/a>
+1 778-987-1345<\/p>\nPatti Glass, Vice President of Corporate Affairs
<\/strong>Grosvenor
Patti.glass@grosvenor.com<\/a>
+1 604 719 3767<\/p>\n
- Highly desirable asset class features one of the province\u2019s top-performing Thrifty Foods\u00a0<\/strong><\/li>\n<\/ul>\n