Tillicum Centre changing ownership
Victoria's Tillicum Centre is changing hands.
Crestpoint Real Estate Investments Ltd. and Anthem Properties Group Ltd. have partnered to acquire Tillicum Centre from RioCan Real Estate Investment Trust for $110 million.
Kevin Leon, President of Crestpoint says Greater Victoria has emerged as one of the most desirable markets in Canada due to its growing population, diversified regional economy and strong fundamentals in the commercial real estate market.
Tillicum Centre is home to more than 40 stores, including Lowe’s, Save-On-Foods, London Drugs, Winners and a Cineplex cinema.
The shopping mall was originally built in 1982 and was recently renovated in 2016.