Leiad acquired Winnipeg's iconic Johnston Terminal from Artis REIT

WINNIPEG, MB, April 12, 2024 /CNW/ – Leyad, a leading real estate company Montrealtoday announced the successful acquisition of the iconic Johnston Terminal Winnipeg from Artis Real Estate Investment Trust (REIT). This acquisition is an important milestone for Leiad and reinforces its commitment to strategic growth and investment in key real estate assets.

Johnston Terminal, a historic landmark and award-winning property Winnipeg, long known for its landmark architecture and prime waterfront location in Forks. Originally built in 1928 as part of the city's railway infrastructure, the terminal has since grown into a bustling commercial center that includes a variety of retail, dining and office space. Tenants include Amazon, Manitobah Mukluk, the Teachers Retirement Benefit Fund and the Old Spaghetti Factory.

“We are pleased to add Johnston Terminal to our portfolio of exceptional properties,” said Leiad CEO Henry Zavriev. “This acquisition is an excellent fit with our acquisition profile, focusing on high-quality assets in key markets. Johnston Terminal's rich history, prime location and strong tenant mix make it a valuable addition to our portfolio.”

Leiad is committed to preserving the legacy of Johnston Terminal and enhancing its appeal as a major business and visitor destination. Winnipeg. As the manager of this outstanding property, Leiad strives to leverage its expertise and resources to further enhance the tenant experience and increase value for stakeholders.

“We see great potential of Winnipeg “Commercial real estate market,” added Zavriev. “Our investment in Johnston Terminal reflects our belief in the city's economic growth and our continued commitment to investing in high-quality assets that deliver long-term value.”

With this acquisition, Leiad continues to strengthen its presence of Winnipeg real estate landscape, building on its reputation as a reliable and innovative developer and operator.

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For more information about Leyad and its real estate portfolio, visit www.leyad.com.

ABOUT LEIADS

Leyad is a leading real estate company specializing in commercial real estate Canada. With a focus on strategic acquisitions and sustainable development, Leiad is committed to creating vibrant and dynamic spaces that enhance communities and drive economic growth.

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