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Leyad, a Montréal-based private real estate investment and management firm, completed the acquisition of a portfolio of 22 single-tenant retail properties leased to Loblaw Companies Limited, spanning all ten Canadian provinces, for approximately $300 million (CAD) in transaction value. The deal expands Leyad's national footprint, adding properties acquired from an unidentified U.S. vendor, and follows Leyad's March 2026 purchase of seven Loblaw-leased stores from the same seller, an initial closing in the broader transaction. The seller is a private, United States-based vendor that cannot be named due to a non-disclosure agreement. Loblaw is the tenant under the properties' triple-net leases, not a transacting party; it did not sell or buy the assets. The properties are leased to Loblaw on triple-net leases, with a weighted average lease term of approximately 14 years. Following the closing, Loblaw is Leyad's largest tenant by revenue. Confirmed legal advisers to Leyad are MLT Aikins (Western provinces: Alberta, British Columbia, Manitoba) and De Grandpré Chait (national lead and Eastern provinces), coordinating across a multi-jurisdictional closing. This closing represented the substantial majority of the broader transaction, following the earlier partial closing in March 2026.
Parties
Company
Leyad
Company
Loblaw Companies Limited
Deal Type
Merger & AcquisitionIndustry
OtherTransaction
$ 300,000,000Deal Status
ClosedClosing Date
03 September 2026