CALGARY, March 24, 2015 /CNW/ - Strategic Group is pleased to announce the acquisition of Duncan Centre, including Duncan Plaza, Duncan Village and Duncan Mall. Located in Duncan, British Columbia, the 27.9 acre property currently includes over 40 shops and services such as Staples, Winners, Petsmart, London Drugs and Real Canadian Superstore, totalling more than 361,809 square feet of retail space with possible expansion of an additional 4,400 square feet.
"We are excited to be expanding our portfolio in British Columbia and look forward to being a part of the Duncan community" said Strategic Group CEO, Riaz Mamdani. "We look forward to developing strong relationships with our tenants at Duncan Centre as well as the Cowichan Band and the town of Duncan."
Duncan, BC is located on Vancouver Island, 50 km north of Victoria. It is home to approximately 5,000 residents, and supports the larger Cowichan Valley area population of 80,000.
Strategic Group has engaged a third party property manager for the day to day management of Duncan Centre and has listed the properties with Colliers International, for its leasing activities.
About Strategic Group
Strategic Group owns, manages and develops office, retail and apartment properties across Canada. Our approach is unconventional and creative while delivering on the fundamentals of real estate. This unconventional and creative approach is reflected in our Mantra: "Creating value others can't by seeing what others don't".
Alberta-based Strategic Group is one of the largest privately-held real estate companies in Canada. Our company is fully integrated, which means we own, manage, lease, develop, re-develop and re-purpose our portfolio on our own, for ourselves. Strategic Group has national reach, with property ownership from Vancouver Island to Atlantic Canada.
At Strategic Group, we adhere to our values around People, Community and Business:
- Our People want to learn, grow and have fun
- Our Community commitment is impact, legacy and pride
- Our Business is about growth, sustainability and longevity
Real Estate is our focus but we also own businesses in other industries including construction, building services, oilfield services, telecom, pet care, agriculture, technology, and corporate finance.
SOURCE Strategic Group
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