Leyad, a prominent real estate company headquartered in Montreal, announced the acquisition of the historic Johnston Terminal in Winnipeg from Artis Real Estate Investment Trust. This strategic move highlights Leyad's commitment to expanding and investing in high-value real estate assets.

Johnston Terminal, renowned for its architectural significance and prime location along the waterfront at the Forks, was originally constructed in 1928 as a railway facility. It has since been redeveloped into a vibrant commercial center that hosts various tenants, including Amazon, Manitobah Mukluk, the Teacher's Retirement Allowance Fund, and the Old Spaghetti Factory.

Henry Zavriyev, CEO of Leyad, expressed enthusiasm about the acquisition, noting that Johnston Terminal complements Leyad's focus on premium properties in key markets. He emphasized the terminal’s historical importance, strategic position, and diverse tenant base as key attributes that enhance Leyad’s portfolio.

Leyad aims to preserve the legacy of Johnston Terminal while boosting its status as a top destination for both businesses and visitors in Winnipeg. The company plans to apply its expertise and resources to improve the tenant experience and add value for stakeholders.

Zavriyev also remarked on the potential of the Winnipeg commercial real estate market, indicating that the investment in Johnston Terminal reflects Leyad’s confidence in the city’s economic growth and its dedication to acquiring properties that offer enduring value. This acquisition underscores Leyad’s role as a leading and innovative force in Winnipeg’s real estate scene.