BGO has acquired Rockwood Mall in Mississauga for approximately $90 million, marking a significant addition to its Prime Canadian Property Strategy. The 300,000-square-foot, grocery-anchored shopping centre was purchased from Sitzer Group and boasts a 95% occupancy rate with tenants such as Food Basics, Dollarama, Shoppers Drug Mart, HomeSense, Winners, and major banks.
According to BGO, the acquisition represents both a stable income profile and an opportunity for long-term value creation due to the mall’s strategic location and favourable zoning. Plans for the property include selective capital improvements, strategic leasing, and enhanced tenant engagement. This deal marks the third Ontario mall transaction this year, highlighting ongoing activity in the retail real estate sector.